Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Rig Count Drops For 17th Week With Smallest Decline Of 2015

Crude prices are undecided how to react to this week's 20 rig decline in total rig count to 1028. This is the 17th weekly decline in a row (down over 46% from the highs) but the pace of declines is dropping rapidly as it appears the 'efficiency' has been wrung out for now.