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View Full Version : Rig Counts Making Oil Supply Drops Self-Fulfilling (BHI)



24/7 Wall St.
05-22-2009, 12:40 PM
24/7 Wall St. Daily News

We have just seen the newest weekly data from Baker Hughes, Inc. (NYSE: BHI).* It is surprising how the rig count keeps heading lower and lower despite oil prices having risen so much.* It seems on some weeks that this is stabilizing and that trend may be the ultimate case for stabilization or at least [...]

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