US Oil Rig Count Rises Most In Q3 Since 2009

By Tyler Durden of Zero Hedge
Friday, September 30, 2016 2:32 PM EDT

Q3 ends with a 29% rise in US oil rigs - this is the biggest rise since Q4 2009.

Oil rigs have risen 14 weeks in a row (up 7 this week to 425, the highest since Feb 2016).

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Barry Hochhauser • 9 years ago • Member's comment

Keep in mind, that big rise took place after a more than 75% decline.