Bullish
$XOP $GUSH The U.S. rig count fell by five, according to the Baker Hughes rig count, bringing the nation's total number of operating rigs to 817, more than 200 fewer rigs than the same week a year ago. Texas and New Mexico producers led the declines, with Texas losing a net three rigs and New Mexico losing four. Rig count continues down before too long the inventories will follow
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