The number of active oil wells in the US fell again

The drop of oil prices more than 4% caused a sharp rise in US oil stocks stopped after Baker Hughes published next data on the total amount of oil wells in the United States. The number of active oil wells in the US for the week decreased by 15 units, after rising 1 apiece in the previous week. Now their number in the US is 372 pieces, which is the lowest since November 2009. As Pete Donovan notes broker Liquidity Futures «After rising 1 well, many have decided that the era of reductions in their number came to an end. As you can see, the hopes were in vain. " However, Jim Ritterbusch of Ritterbusch Associates believes that oil prices will continue to decline: "We see too little to support the growth of the oil from the bulls at the time, as the fundamental factors speak in favor of asset sales."