Baker Hughes US oil rig count 596 vs 605 prior

• Oil rigs -9
• Gas rigs +4

Drill pipe and rig workers are in short supply and it might take awhile to fix it. There's a high likelihood that year-end US production will disappoint.

WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term has mostly given up today's gains as markets wilt on news that Russia has completely halted Nord Stream 1 indefinitely. The question is whether this prompts more gas-to-oil switching or if it hurts economic growth so badly that overall oil demand is curbed in Europe.