Louisiana Light • 2 days | 85.15 | -1.06 | -1.23% | |||
Bonny Light • 2 days | 87.76 | -0.66 | -0.75% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% | |||
Mars US • 146 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 18 mins | 2.739 | +0.055 | +2.03% |
Bonny Light • 2 days | 87.76 | -0.66 | -0.75% | |||
Girassol • 2 days | 87.46 | -0.69 | -0.78% | |||
Opec Basket • 2 days | 84.98 | -0.94 | -1.09% |
Peace Sour • 3 hours | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 3 hours | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 3 hours | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 3 hours | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 77.83 | -0.27 | -0.35% | |||
Oklahoma Sweet • 2 days | 78.00 | +0.00 | +0.00% | |||
Kansas Common • 3 days | 71.75 | -0.50 | -0.69% | |||
Buena Vista • 4 days | 85.65 | +1.02 | +1.21% |
China is on track to…
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ZeroHedge
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Rig counts fell for a record 19th week in a row. Total rigs dropped 34 to 954 and oil rigs dropped 26 to 374. This means the total rig count drop is now greater than 50% - the fastest drop since 1986.
Crude prices had slid into the rig count announcement and popped afterwards.
Related: The Latest Media Attempts To Suppress Oil Prices
This is a record 19th week of consecutive rig count declines...
Related: Is Saudi Arabia Setting The World Up For Major Oil Price Spike?
Leaving the total rig count decline now over 50% - the most since 1986...
Related: The Inconvenient Truth About A Green Revolution
Charts: Bloomberg
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By Zerohedge
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