Sentences with phrase «rig count pointed»
SINGAPORE, April 23 (Reuters)- Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.
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SINGAPORE, April 23 (Reuters)- Oil prices dipped early on Monday as a rising U.S. rig count pointed to further increases in the country's output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.
The rising rig count points to further increases in U.S. crude production , which has already climbed by a quarter since mid-2016 to a record 10.54 million barrels per day (bpd).