Brent crude and WTI hold ground above $60 level as inventories drop and rig count falls further


Commodity Update; Crude Oil – 18 May 2015
Brent crude and WTI hold ground above $60 level as inventories drop and rig count falls further
Since our last update Brent and WTI crude have continued their ascent as inventory drawdown quickened in North America while the rig count has also fallen further.
According to Baker Hughes data the number of Shale oil rigs in North America has now fallen by 973 since last May, leaving the total number […]