Baker Hughes oil rig count 29 May 2015
- Gas rigs 225 vs 222 prior
- Total rigs 875 vs 885 prior
Oil's been well bid all day and has popped $60 on the latest rig numbers. We've also got the OPEC meeting on the 5th which could get the market bullish on the possibility of production cut talk. It seems unlikely that OPEC will waver but that might not stop the market from expecting something bullish
Baker Hughes oil rig count
