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Rising Rig Count Is Pushing OPEC To Breaking Point

Rising Rig Count Is Pushing OPEC To Breaking Point

zerohedge.com / by Tyler Durden / Mar 17, 2017 1:02 PM

For the 9th straight week (and 35th of the last 37 weeks), the US oil rig count rose this week (surging by 14 to 631 – highest since September 2015).

The rig count continues to track the lagged WTI price

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