Reuters report that more pumps will come online in 2016 if prices go up
The Saudi's want to keep pressure on the price and their market share and Reuters is reporting an industry source as saying that the Saudi oil company will raise rigs to 250 if prices do go up. There's not much more than the headline so there's no indication on what price levels they might be looking at. They currently have 212 rigs running
Brent has lost 50 odd cents to 61.68 in the last few minutes, which could be as a result of the story
