WTI finishes the week strong
WTI crude climbed another 25-cents after the weekly Baker Hughes rig count showed a dip in the number of active rigs for the first time since January. It's a sign that lower prices are dissuading some US drillers.
The high so far is just below the 38.2% retracement of the May-June slump. It's a level I highlighted earlier.
I bought some oil last Friday after this post.
