US oil rigs count dropped by most in recent weeks, falling 26 to 614.
Oil rose in as a result and ended the week at US$45.54 per barrel.
With US jobs falling below expectations on Friday (2 October), many are betting that the Federal Reserve could delay the increase in the interest rate to 2016.
We could see oil price moving upwards into the US$46 - US$47 range next week.
Nevertheless the Federal Reserve could still surprise and initiate a hike in interest rate, but a better gauge will be the Q3 GDP reading.
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