Rig count rises slightly, crude futures show five-month gain.

In the last week, the U.S. rig count, according to Enverus, rose by seven to 284, as of Sept. 9. The count of oil and gas rigs operating in the U.S. is down 1% in the last month and down 69% year-over-year. Weekly increases have been noted in the Gulf of Mexico region, the Anadarko Basin and Appalachia.

Baker Hughes reported that U.S. crude oil production is expected to fall 870,000 bbl/d to 11.38 million bbl/d in 2020, a less steep decline than the 990,000 bbl/d that was forecast in August.

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