- Prior 411
- Complete rig rely 536 vs 538 prior
- Fuel rigs 119 vs 122 prior
This isn’t a market transferring indicator as it is very lagging. Oil rigs rely is in fact correlated to grease costs. When oil costs pattern upwards, oil rigs rely will increase, and when oil costs pattern downwards, oil rigs rely decreases.
Within the image under, you possibly can see that oil costs LEAD oil rigs rely.
This text was written by Giuseppe Dellamotta at investinglive.com.
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