U.S. oil explorers extend biggest-ever rig retreat to 10th week

HOUSTON (Bloomberg) -- U.S. oil explorers, facing crude near $50/bbl, idled rigs for the 10th straight week, extending an unprecedented retreat in drilling and dragging the nation’s total rig count down to the lowest level in almost five years. More »
U.S. oil explorers extend biggest-ever rig retreat to 10th week U.S. oil explorers extend biggest-ever rig retreat to 10th week Reviewed by Crude Oil Facilitators on 20:17 Rating: 5

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