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Home > Oil Unmoved As US Rig Count Tumbles To May 2010 Lows

Oil Unmoved As US Rig Count Tumbles To May 2010 Lows

By Tyler Durden
Created 12/04/2015 - 13:13
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Submitted by Tyler Durden [1] on 12/04/2015 13:13 -0500



 

For the 13th week of the last 14, US Oil rig counts declined. Down 10 to 545 rigs, this is the lowest since May 2010 as the temporary respite in the early Fall has given way to reality and rig counts track the lagged crude price lower...

 

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Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-12-04/oil-unmoves-us-rig-count-tumbles-may-2010-lows

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