OGJ NEWSLETTER

There's some good news from the otherwise dismal U.S. oil scene. The Baker Hughes rig count climbed to 689 the week ended July 19, a 22 unit jump from the prior week, which had seen a 19 unit increase. That's the highest tally since 716 the week ended Jan. 17 but still down 17% from a year ago. And second quarter wasn't too bad for some companies reporting financial results.

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