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

Crude Shrugs As US Oil Rig Count Declines For 4th Week To 10-Week Lows

For the 4th week in a row , US oil rig counts declined (down 4 to 640) leaving the count as 10-week lows. This is the largest 4-week decline since May. Crude prices are undecided on how to react for now with stop runs higher and lower so far...

  • *U.S. OIL RIG COUNT DOWN 4 TO 640, BAKER HUGHES SAYS
  • *U.S. TOTAL RIG COUNT DOWN 4 TO 838, BAKER HUGHES SAYS

 

The breakdown is as follows:

  • *PERMIAN OIL RIGS DOWN 3 TO 247, BAKER HUGHES SAYS
  • *WILLISTON BASIN OIL RIGS DOWN 1 TO 67, BAKER HUGHES SAYS
  • *EAGLE FORD OIL RIGS DOWN 3 TO 74, BAKER HUGHES SAYS

Charts: Bloomberg