GREY:LSTMF - Post by User
Post by
bushhog1on Jun 14, 2016 10:01am
152 Views
Post# 24963298
Us Oil Rigs in operation
Us Oil Rigs in operationThe first extended rig-count dive commenced after a recent peak on Dec. 5, 2014 (OGJ Online, Dec. 5, 2014)—when 1,920 units operated in the US—). https://www.ogj.com/articles/2016/03/bhi-us-rig-count-hits-all-time-low-in-recorded-data.html
Last week, the oil count went up by 3 units to 328 units
Rigs in operation, dropped from 1,920 to 325 units (1,595) in less
than 1.5 years, and oil prices were not going up because of reduced rigs, but
when 3 rigs were added last week, oil prices fell.
Don't make sense.