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Oil Price Slips After Rig Count Decline Stalls

Find The Lowest Price HERE


By Tyler Durden

For 20 of the last 21 weeks, US oil rig count has declined as it tracked the lagged oil price lower. That changed today as oil rigs were unchanged week-over-week perfectly syncing with the lagged lows in oil. Total rigs dropped 2 (thanks to gas rigs) to a new record low but even that pace has slowed dramatically. Oil prices are fading modestly on the news…

And oil prices are giving up earlier gains…

…read more

Source: Oil Price Slips After Rig Count Decline Stalls

    

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Posted May 20th, 2016 in Uncategorized.

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