The Rig Count That Defied $70: BHI's Week-Close Signal for US Upstream WTI closed at $69.91. Baker Hughes reported 573 rigs — up 10 week-over-week. The rig count is rising as price breaks $70. Here's what that signal means.
Week Closes Below $70: WTI's New Floor Test and Devon's Balance Sheet Move WTI broke below $70 at this morning's open. Devon completed its Coterra note exchange. Baker Hughes rig count due at 1pm CT. The week's setup for US upstream.
$70 WTI and What the Market Just Told Us: Day-Close Verdict for US Upstream WTI crude settled near $70 on Thursday, and the market's verdict is clearer than the headlines suggest: OPEC's cohesion is cracking, US upstream operators are repricing their second-half assumptions, and the companies that moved earliest to consolidate their balance sheets are now sitting in the