US Oil Rig Count Drops Below 400 For The First Time Since 2009

by Tyler Durden
ZeroHedge.com
03/04/2016

For the 11th week in a row, US oil rig counts declined (down 8 this week to 392). This is the first drop below 400 oil rigs since Dec 2009. Perhaps even more stunning, the total US rig count dropped to 489 rigs last week. 1 above the all-time record low 488 seen in April 1999.

The Rest…HERE

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