The oil market has seen an upswing this year, with the global rig count rising by 9% year-over-year as of mid-September, and Brent crude prices up by close to 20% year-to-date, driven by the OPEC-led production cuts and some geopolitical uncertainties.
Why Oilfield Services Stocks Are Underperforming Despite A Strengthening Oil Market
Forbes - 21 Sep 2018 14:35
The oil market has seen an upswing this year, with the global rig count rising by 9% year-over-year as of mid-September, and Brent crude prices up by close to 20% year-to-date, driven by the OPEC-led production cuts and some geopolitical uncertainties.
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