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US Oil Rig Count Surges Most In 5 Months

Courtesy of ZeroHedge. View original post here.

Tracking the lagged rebound in WTI prices, the US oil rig count rose by 9 this week – the biggest weekly rise since June.

And with production at record highs, we suspect OPEC will need to jawbone some more…

And total US Crude output just hit a new record high…


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