For the 4th week in a row , US oil rig counts declined (down 4 to 640) leaving the count as 10-week lows. This is the largest 4-week decline since May. Crude prices are undecided on how to react for now with stop runs higher and lower so far...
- *U.S. OIL RIG COUNT DOWN 4 TO 640, BAKER HUGHES SAYS
- *U.S. TOTAL RIG COUNT DOWN 4 TO 838, BAKER HUGHES SAYS
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The breakdown is as follows:
- *PERMIAN OIL RIGS DOWN 3 TO 247, BAKER HUGHES SAYS
- *WILLISTON BASIN OIL RIGS DOWN 1 TO 67, BAKER HUGHES SAYS
- *EAGLE FORD OIL RIGS DOWN 3 TO 74, BAKER HUGHES SAYS
Charts: Bloomberg
