WTI crude prices are unimpresed at the rig count data today (after spiking off the dismal jobs data). Total rig count fell 5 to 415 - a new record low while oil rigs fell 4 to 328, tracking lagged oil prices to their nadir.
19th weekly decline of the 20 weeks in 2016... will it change as laged oil prices pick up?
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With the total count continuing to crash to new record lows...
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