Forecast came false

Will America's Oil Rig Count Finally Go Down This Week?
8 august 2015

After three weeks of increases, will America's oil rig count go down this week in the face of sub-$45 WTI? It seems top tier plays in the Permian Basin, Eagle Ford, Bakken/Three-Forks, and the more productive parts of the Wattenberg Field are holding their own, but overall US oil production has been heading mildly lower. 

Answered:
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Will America's Oil Rig Count Finally Go Down This Week?

Agreed
5 people
Disagreed
4 people

Forecast came false

Up two, growth slowing down but the fact that it's rising with WTI at $42 is perplexing.