WTI: $66. Rig Count Pretty Much Unchanged -- March 5, 2021

WTI: hits $66 going into the weekend.

Yesterday's meme: US operators rushing to add rigs. Today, not so much. Link here.

 

If there's a significant change in the number of active rigs this year, we should see it in July, maybe June if CEOs expedite plans. 

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Brent in Historical Perspective

Link here.