NOV slumps on lower offshore rig sales forecast

HOUSTON (Bloomberg) -- National Oilwell Varco Inc. fell the most in more than two years after forecasting a slowdown in orders for offshore rig equipment. The largest U.S. maker of oilfield equipment declined 6.7% to $77.88 at 12:14 p.m. in New York after earlier losing as much as 7.3%, the biggest intraday drop since November 2011.


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NOV slumps on lower offshore rig sales forecast NOV slumps on lower offshore rig sales forecast Reviewed by Crude Oil Facilitators on 18:58 Rating: 5

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