US Rig Count Drops For Record 19th Week In A Row

Friday, April 17, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/17/2015

Rig counts fell for a record 19th week in a row. Total rigs dropped 34 to 954 and oil rigs dropped 26 to 374. This means the total rig count drop is now greater than 50% – the fastest drop since 1986. Crude prices had slid into the rig count announcement and popped afterwards.

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