The oil rig count dropped 20 to 516 in the last week - the biggest weekly drop in 4 weeks to new cycle lows. Crude was unimpressed, jumping modestly and then fading...
- *OIL RIGS IN PERMIAN BASIN FELL BY 9 TO 200, BAKER HUGHES SAYS
- *OIL RIGS IN WILLISTON FELL BY 4 TO 49, BAKER HUGHES SAYS
Rig count decline accelerated notably... Rig count continues to track the 3mo lagged WTI price...
And crude popped and dropped...


