Louisiana Light • 4 days | 72.39 | +1.98 | +2.81% | |||
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | |||
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% | |||
Mars US • 2 days | 71.39 | +1.89 | +2.72% | |||
Gasoline • 11 mins | 2.547 | +0.046 | +1.86% |
Bonny Light • 3 days | 75.19 | +1.17 | +1.58% | |||
Girassol • 3 days | 77.03 | +1.40 | +1.85% | |||
Opec Basket • 4 days | 72.79 | -0.28 | -0.38% |
Peace Sour • 3 days | 64.35 | +2.01 | +3.22% | |||
Light Sour Blend • 3 days | 65.65 | +2.01 | +3.16% | |||
Syncrude Sweet Premium • 3 days | 74.60 | +2.01 | +2.77% | |||
Central Alberta • 3 days | 63.95 | +2.01 | +3.25% |
Eagle Ford • 4 days | 66.58 | +2.01 | +3.11% | |||
Oklahoma Sweet • 4 days | 66.50 | +2.50 | +3.91% | |||
Kansas Common • 5 days | 58.25 | -1.50 | -2.51% | |||
Buena Vista • 13 days | 76.15 | -1.09 | -1.41% |
The global oil markets have…
It is set to be…
ZeroHedge
The leading economics blog online covering financial issues, geopolitics and trading.
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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