Total Number of Rigs is Up - not a game changer, but a big improvment
http://www.calculatedriskblog.com/2017/03/oil-another-big-rig-add.html?utm_source=dlvr.it&utm_medium=twitter
2 replies (most recent on top)
The rig count in the US affects WTI, not so much the Brent price. But either way, your point is well taken. More drilling = More production = Lower oil price = Good for retirees and non-energy families.
Rig number goes up and oil goes down.