The rising Movement.up.gain rig count points to further increases Movement.up.gain in U.S. crude production , which has already jumped Movement.up.gain by a quarter since mid-2016 to a record 10.54 million barrels per day -LRB- bpd -RRB- .

Investing.com - Oil prices dipped Movement.down.loss on Monday morning in Asia , pulled down Movement.down.loss by a rising Movement.up.gain U.S. rig count which indicated further increases Movement.up.gain in the country 's crude output .

As the latter program has been sharply cut Cause.movement.down.loss since the start of the month , such increases Movement.up.gain are likelier to pass through into demand than earlier in the summer , when a more generous support regime kept consumer incomes largely intact .