• Oil rigs +1
• Natural gas rigs -2

The economic momentum and optimism has left the oil market behind. It’s 2025 budget-setting season right now though and I’d imagine capital discipline will be the theme next year so that may start to help. The worries are OPEC and China though.

WTI was last down $1 to $69.71.

This article was written by Adam Button at www.forexlive.com.