US Oil Rig Count Collapses At Fastest Rate In A Year

Friday, February 19, 2016
By Paul Martin

by Tyler Durden

Rig counts dropped for the 9th straight week but for the 3rd week in a row, US oil rig counts dropped heavily (down 26 this week after -28, and -31 in the last 2 weeks). The 85 rig drop is a 17% plunge over 3 weeks – the fastest pace since Feb 2015, and 2nd fastest since Feb 2009.

The Rest…HERE

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter