By Joseph Branch in Invest news —

Macrostatistics

Macrostatistics
Photo by Arvind Vallabh / Unsplash

Total number of rigs in the U.S. from Baker Hughes: 689
(Prev. 673)

Number of active rigs from Baker Hughes: 546
(Prev. 533)

The U.S. oil industry is unwinding to highs. This could be an additional negative factor for oil prices.