Silver For The People

Silver Stackers Can End The Silver Manipulation And Stop The Criminal Banksters

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Shale Efficiency Has Peaked For Now As Rig Count Surges For 22nd Straight Week

zerohedge.com / by Tyler Durden / Jun 16, 2017 1:03 PM

For the 22nd week in a row, the number of US oil rigs rose (up 6 to 747) to the highest since April 2015.

Given the historical relationship between lagged prices and rig counts, we suspect the resurgence in rigs may begin to stall…

Oil is headed for the longest run of weekly losses since August 2015 as OPEC member Libya restored production and the surplus in the U.S. shows little sign of abating.

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