RE:rig count is for dummies...LOLYes we know, thank-you for pointing that out.
Also, there's a million bbls per day ready to come on stream at the Permian. But at what price?
So, rig count does matter as less produces more so less rigs produce that much less oil production.
Oil companies haven't found a way to prevent natural oil decline. So natural oil decline will continue and no rigs are there to beef up production.
Could just have well wait until tomorrow to buy. API, the much hated and unpredicatable report will probably show an increase in stock supply. :-)
There is no right buy in price with Brexit. The fundamentals with oil haven't really changed just peoples perception of change. People change times don't. Ergo, fundamentals say price to go up. Today, tomorrow or next week. People aren't consuming less oil and cheaper oil increases consumption.
All IMO.