Archive for August 9th, 2010

Waiting For The FED…

We have a slow day today with no economic data in the U.S. Europe is trading on average up 1.5%, U.S. futures are up 0.3%, so it looks U.S. markets are not going to follow European lead. Sell side macro economists are following Goldman’s (brilliant) Jan Hatzius lead and reducing GDP growth both for second half of 2010 and […]

Rig Count Weekly – August 9, 2010

Number of crude oil drilling rigs rose for 8 for the week ending August 6, 2010; Number of natural gas drilling rigs rose for 11 rigs in the same time frame. On world scale number of  drilling rigs rose for 52 rigs in July. Chart 1. Baker Hughes U.S. Rig Count Change Chart 2. Baker Hughes Weekly […]


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