UPDATE: Baker Hughes Total U.S. Rig Count Increases 19 to 876

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Go back to UPDATE: Baker Hughes Total U.S. Rig Count Increases 19 to 876

Crude Set to Hit Six-Months Lows Amid Supply/Demand Imbalance (OIL) (USO)

July 28, 2015 11:51 AM EDT

Crude prices are on pace to settle at the lowest level seen since last January as supply continues outpacing demand.

WTI crude traded as low as $46.68 per barrel overnight, while the commodity is relatively flat in the midday session.

Two key factors that may affect prices... More