Posted by on November 4, 2016 4:08 pm
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Categories: Business Cartels Commodity markets Crude Economy Energy crisis headlines OPEC Organization of Petroleum-Exporting Countries Peak oil Petroleum Petroleum industry Petroleum politics

The US oil rig count has risen for 22 of the last 24 weeks and is up 9 in the last week to 450 – the highest since Feb 2016.

Despite this surge, US production remains flat during the same period – hovering around 8.5mm barrels.

No reaction in crude following its early chaos on OPEC headlines…

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