Baker Hughes US oil rig count +3 | Forexlive

• Oil +3 to 615
• Natural gas -1 to 155

The US rig count has been flat since July and DUCs continue to draw down, suggesting that oil production might be flatlining and that forecast above 13 mbpd next year are too rosy.

The again, with oil up $4 today, it’s only a matter of time until pumping more is too tempting.