Baker Hughes oil rig count +1 at 412 https://t.co/SJ41dMakyO
US oil rigs w/w changes in key shale basins Permian: unchanged at 253 Eagle Ford: unchanged at 28 Williston: unchanged at 30 Cana Woodford: unchanged at 15 DJ Niobrara: unchanged at 9 Baker Hughes #OOTT
Oil rig count rises two weeks in a row @carlquintanilla $USO $CL_F $XLE https://t.co/s8XEXFmTu2
The U.S. Department of Agriculture's August WASDE report showed mixed results for crop end stocks. Corn end stocks rose to 2.117 billion bushels, exceeding the forecast of 1.9 billion and the previous 1.66 billion. Soybean end stocks fell to 290 million bushels, below the forecast of 352.5 million and the prior 310 million. Wheat end stocks slightly decreased to 869 million bushels, just under the forecast of 882.5 million and previous 890 million. Cotton end stocks also declined to 3.6 million bales, below the forecast of 4.5 million and previous 4.6 million. In energy inventories, the U.S. API reported a decrease in Cushing crude stocks by 0.6 million barrels. The Energy Information Administration (EIA) reported crude oil inventories increased by 3.036 million barrels, contrary to expectations of a decline, while distillate inventories rose by 0.714 million barrels, below the forecast of 1.25 million. Cushing crude inventories showed a marginal increase of 0.045 million barrels. The Seaway crude oil pipeline system has resumed full operations after a leak. Baker Hughes reported the U.S. total rig count remained steady at 539 rigs, with oil rigs increasing by one to 412 and gas rigs decreasing by one to 122. Key shale basin rig counts remained unchanged, including the Permian at 253 rigs, Eagle Ford at 28, Williston at 30, Cana Woodford at 15, and DJ Niobrara at 9 rigs.
