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COM - Commodity Roundup: Gold hits record high; oil rigs rise by six in the first quarter
Direxion Auspice Broad Commodity Strategy
2024-04-01 06:12:00 ET
In the first quarter of 2024, the headline oil rig count rose by six rigs, while the core basin count increased by nine. "Oil drilling in the major oil basins is running ahead of the overall oil rig additions as producers focus on drilling in the most oil-heavy regions. By the end of June, we expect an additional 16 oil rigs to be added in the major tight oil basins," JPM said in a note dated March 29....