29-07-2016 18:38 via feedproxy.google.com

Here comes the Baker Hughes rig count ... (USO, WTI, OIL)

Baker Hughes will publish its weekly counts of US oil and gas rigs just after 1 p.m. ET. 
The oil rig count rose for a fourth straight period last week, by 14 to 371. The count has moved higher since mid-May, as rising oil prices preceding that period encouraged producers to bring rigs online. 
Friday's data come right after crude oil returned to a bear market — a 20% drop from recent highs — amid renewed concerns about the high level of US inventories. 
The gas-r
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