Forecast came false

Will America's Oil Rig Count Decrease This Week?
6 august 2015

Will Baker Hughes Inc (NYSE:BHI) report that America's oil rig count decreased this week on Friday? 

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Will America's Oil Rig Count Decrease This Week?

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Forecast came false

US rig count increased by 6 in the face of low oil prices, largely due to greater than initially expected cuts in third party costs, boosts in well productivity, record drilling times, hedging programs, and pricing differentials narrowing.