While gas rigs fell 13 last week, oil rigs dropped just 1 to 515. Crude's initial reaction was to extend losses...
Rig count continues to track a lagged crude price perfectly...
While gas rigs fell 13 last week, oil rigs dropped just 1 to 515. Crude's initial reaction was to extend losses...
Rig count continues to track a lagged crude price perfectly...
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/01-overflow/20160115_rig.jpg