• Oil Rigs Increased

    16 days ago - By Calculated Risk

    A few comments from Steven Kopits of Princeton Energy Advisors LLC on November 30, 2018:
    • Oil rigs gained +2 to 887
    • Horizontal oil rigs gained more solidly, +5 at 779
    • The model forecasts one more week of rig gains, after which numbers crash.
    • Breakeven to add rigs rose to around $72 WTI, compared to $50.50 WTI on the screen as of the writing of this report
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