{Traders} focused on oil instead which after yesterday's sharp API inventory drop has pushed to fresh 7 month highs, higher by another 1% as the likely resumption of production by domestic producers is widely ignored.
So , one would expect rig count to rise.
Oil prices way out of whack with fundamentals, but as they like to say say in Australia, "it is what it is"
Alternatively said , trade what see, not what you think.
