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Oil Jumps As US Rig Count Plunges Most Since April

Friday, February 5, 2016 17:43
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zerohedge.com / by Tyler Durden on 02/05/2016 13:09

After weeks of modest declines, the US Oil Rig Count plunged by 31 to 467 this week – the biggest drop since April 2015 led by a 19 drop in Texas. Total rig count crashed 48 to 571. The reaction, though muted, was a jump in crude prices.

  • *BAKER HUGHES OIL RIG COUNT FALLS 31 THIS WK TO 467
  • *U.S. TOTAL RIG COUNT DOWN 48 TO 571

A big plunge – tracking lagged crude perfectly…

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The post Oil Jumps As US Rig Count Plunges Most Since April appeared first on Silver For The People.

Thanks to BrotherJohnF



Source: http://silveristhenew.com/2016/02/05/oil-jumps-as-us-rig-count-plunges-most-since-april-2/

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