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Home > Oil Extends Losses As Oil Rig Count Drops By Just 1

Oil Extends Losses As Oil Rig Count Drops By Just 1

By Tyler Durden
Created 01/15/2016 - 13:06
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 01/15/2016 13:06 -0500



 

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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Source URL: http://www.zerohedge.com/news/2016-01-15/oil-extends-losses-oil-rig-count-drops-just-1

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