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

Crude Pops As US Oil Rig Count Drops For 3rd Week To 2-Month Lows

Following 2 weeks of notable rig count declines (to its lowest in 2 months), Baker Hughes reports another decline (the first 3 week decline in 3 months). Total rig count fell to 842 from 848 but oil rigs declined 8 to 644. Crude prices were weak heading into the data (post Fed) and popped after...

  • *U.S. OIL RIG COUNT DOWN 8 TO 644 , BAKER HUGHES SAYS
  • *U.S. TOTAL RIG COUNT DOWN 6 842 , BAKER HUGHES SAYS

This is the biuggest 3-week declinein 4 months..

 

Charts: Bloomberg