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Home > Crude Jumps After US Oil Rig Count Collapses By Most In 4 Months

Crude Jumps After US Oil Rig Count Collapses By Most In 4 Months

By Tyler Durden
Created 09/04/2015 - 12:07
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Submitted by Tyler Durden [1] on 09/04/2015 12:07 -0500



 

After 6 straight weeks of rig count increases, last week saw a 13 rig drop - the most since May. This leave the rig count at its lowest since July 24th. WTI Crude jumped 60c on the news and is holding gains...

  • *U.S. OIL RIG COUNT DOWN 13 TO 662, BAKER HUGHES SAYS
  • *OIL RIGS IN EAGLE FORD FELL BY FIVE TO 78: BAKER HUGHES
  • *OIL RIGS IN PERMIAN BASIN FELL BY TWO TO 249: BAKER HUGHES
  • *OIL RIGS IN WILLISTON FELL BY ONE TO 72: BAKER HUGHES

The oil rig count is the lowest since July 24th.

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The reaction...

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Source URL: http://www.zerohedge.com/news/2015-09-04/oil-surges-after-us-oil-rig-count-collapses-most-4-months

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