Weekly reviews of platform counts;
- Oil rigs count 496 versus 497
- Gas 100 compared to 99 last week
- Total drilling 600 compared to $600 last week
Crude oil trades down $0.50 or -0.75% at $77.32
- U.S. drillers have shut down their oil and gas rigs for the third month in a row.
- Drillers have cut off most oil and gas rigs in a month since August
- Drillers cut their oil rigs in May, first monthly reduction since January
- Drillers have destroyed most oil rigs in a month since September
This article was written by Greg Michalowski at www.forexlive.com.
cnbctv18-forexlive