Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

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Deep Fundamental Analysis

US Rig Count Steady After Strong Surge Last Week

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

<ul>
<li>The US oil and gas rig count rose by 7 to 589 for the week ending on 06/Dec, rising for the first time in four weeks</li>
<li>For the week ending 29/Nov, US oil production rose to 13.51m bpd from 13.49m bpd the week prior. US output edged past its record high of 13.5m bpd.</li>
<li>The number of active US oil rigs rose by five to 482, while the US gas rig count rose by two to 102.</li>
</ul>


The US oil and gas rig count rose by 7 to 589 for the week ending on 06/Dec, rising for the first time in four weeks
For the week ending 29/Nov, US oil production rose to 13.51m bpd from 13.49m bpd the week prior. US output edged past its record high of 13.5m bpd.
The number of active US oil rigs rose by five to 482, while the US gas rig count rose by two to 102.


US Rig Count Rises for the First Time in 8 Weeks, Led by Surge in Oil Rigs

Crude Oil

US Rig Count Rises for the First Time in 8 Weeks, Led by Surge in Oil Rigs