• Another huge week, total US oil rigs up 15 to 566
• Horizontal oil rig counts up +17 to 463
...
• Widespread gains: Permian, EF, Bakken, Cana Woodford – the shale sector as a whole has turned back on
• Another month of this will torpedo the OPEC deal
Click on graph for larger image.Graph and comments Courtesy of Steven Kopits of Princeton Energy Advisors LLC.