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Home > Crude Slides As US Total Rig Count Decline Smallest Since December

Crude Slides As US Total Rig Count Decline Smallest Since December

By Tyler Durden
Created 06/19/2015 - 12:08
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 06/19/2015 12:08 -0500



 

Total rig count dropped 2 this week to 857. This is the smallest decline in rig count since Decmeber 5th 2014.

  • *U.S. OIL RIG COUNT DOWN 4 TO 631, BAKER HUGHES SAYS

 

[3]

 

But Production remains at record highs...

[4]

 

Charts:Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-06-19/crude-slides-us-total-rig-count-decline-smallest-december

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[1] http://www.zerohedge.com/users/tyler-durden
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[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/06/20150619_rig.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/06/20150619_rig2.jpg