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Rig Count Slumps To 3-Month Lows As US Crude Production Collapses

Rig Count Slumps To 3-Month Lows As US Crude Production Collapses

zerohedge.com / by Tyler Durden / Sep 8, 2017 1:03 PM

US crude production collapsed this week with most of Texas offline and we would expect rig counts to have continued to stabilize (if not fall) following the lagged track of WTI, and they did – oil rigs dropped 3 to 756, the lowest since June.

As a reminder, Crude production in the Lower 48 collapsed…

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