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US Oil Rig Count Tumbles 7th Straight Week, Lowest Since July 2010
Friday, October 16, 2015 14:49
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zerohedge.com / by Tyler Durden on 10/16/2015 13:08
The US Oil rig count is now down over 63% from its highs in October 2014. Last week’s 10 rig decline is the 7th straight weekly drop, pushing the count below 600 for the first time since July 2010. Crude prices are modestly higher on the news…
- *U.S. TOTAL RIG COUNT FALLS 8 TO 787 , BAKER HUGHES SAYS
- *U.S. OIL RIG COUNT FALLS 10 TO 595, BAKER HUGHES SAYS
Now down over 63% from highs… New Mexico, Oklahoma, and Texas saw the big declines this week.
The post US Oil Rig Count Tumbles 7th Straight Week, Lowest Since July 2010 appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/16/us-oil-rig-count-tumbles-7th-straight-week-lowest-since-july-2010-2/
