US Rig Count Continues To Crash
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By Tyler Durden
The total US rig count declined yet again this week, down 9 to 406 – a new record low. The last four times rig counts collapsed anything like this, the US economy was in recession.
Oil rigs dropped 10 to a new cycle low at 318, but appear near a turning point if lagged oil prices remain any indication…
Source: US Rig Count Continues To Crash
Posted May 13th, 2016 in Uncategorized.




