Our weekly commentaries and updates will remain free until April 2019. Effective April 2019, a subscription will be required in order to receive them. Of course, clients of Fundamental Analytics and BlackSummit Financial Group will continue receiving our weekly content for free.
Latest Baker Hughes Report
The Baker Hughes rig count reported U.S. oil rig count increased by 7 to 854.
The oil rig count was 791 last year at this time, and the rig count during 2018 increased to nearly 900 active rigs when oil prices grew to the peak of $76. This year, with forecasts of crude oil prices being lower this year, the expectations are that the number of active oil rigs will decrease.
We would be happy to discuss this commentary with you and provide additional market insights.
Feel free to call us at 312-348-7518 or email us at [email protected]
