8.3 C
New York
Thursday, March 28, 2024

Oil Prices Unmoved By Oil Rig Count Decline Of Just 1

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The total rig count dropped by just 3 last week – the smallest decline since December – to 885, tracking perfectly with the 4-month lagged oil price we have been showing for 4 months.

Oil rigs dropped just 1 on the week to just 659 – the lowest since August 2010. Oil prices are unch.

  • *U.S. OIL RIG COUNT FALL 1 TO 659  ,BAKER HUGHES SAYS

Charts: Bloomberg

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x