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Home > Rig Count Drops For 17th Week With Smallest Decline Of 2015

Rig Count Drops For 17th Week With Smallest Decline Of 2015

By Tyler Durden
Created 04/02/2015 - 12:18
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 04/02/2015 12:18 -0500



 

Crude prices are undecided how to react to this week's 20 rig decline in total rig count to 1028. This is the 17th weekly decline in a row (down over 46% from the highs) but the pace of declines is dropping rapidly as it appears the 'efficiency' has been wrung out for now.

 

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Source URL: http://www.zerohedge.com/news/2015-04-02/rig-count-drops-17th-week-smallest-decline-2015

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[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04/20150402_rig.jpg
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