US oil rig count edges up to 460, gas rigs dip to 132, total flat at 603
US oil rigs increased by one to 460 in the latest week; gas rigs fell one to 132. Total US rigs remained at 603, up 9.6% year over year.
Iran launched ballistic missiles, pushing WTI crude oil above $90 after a low of $79 on Aug 26.
Today, WTI crude oil futures turned higher amid news that Iran launched ballistic missiles.
Iran announced it was moving to a pre-emptive doctrine, and indications of this are increasing as the country attempts to disrupt shipping in the Strait of Hormuz.
On Aug 26, WTI touched a low of $79; it has since climbed back above $90.
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US oil rigs increased by one to 460 in the latest week; gas rigs fell one to 132. Total US rigs remained at 603, up 9.6% year over year.
Brent crude hit $117.42, its highest since April, as Iran tensions stir fears of new market stress on stocks and bitcoin.
Trump discusses Iran war options, market anticipates escalation; WTI crude up $2.82 to $102.27.
Brent crude tops $116 as market prices in a weekend attack on Iran; a Ukraine-Russia-US meeting is set for November.