rig count points to further increasesMovement.up.gainin U.S. crude production , which has already jumpedMovement.up.gainby a quarter since mid-2016 to a record 10.54 million barrels per day -LRB- bpd -RRB- .
As the latter program has been sharply cutCause.movement.down.losssince the start of the month , such increasesMovement.up.gainare likelier to pass through into demand than earlier in the summer , when a more generous support regime kept consumer incomes largely intact .