Last Friday, for first time in 3 weeks, Baker & Hughes oilfields Services Company rig-count fell as U.S drillers cut 7 oil rigs in the week to bring the total rig-count down to 797.
WTI price rallied back to the 65.3 level today going into the European trading session, but further upside looks doubtful, as the latest Reuters survey, citing that Saudi Arabia is expected to cut crude oil prices to Asia, will weigh negatively on the investors' sentiment while weekend’s news about Iraqi cabinet havi…
WTI price rallied back to the 65.3 level today going into the European trading session, but further upside looks doubtful, as the latest Reuters survey, citing that Saudi Arabia is expected to cut crude oil prices to Asia, will weigh negatively on the investors' sentiment while weekend’s news about Iraqi cabinet havi…