Here we go
How high will they take it this time around?
1-20-2015
http://news.yahoo.com/oil-price-firms-slumping-close-six-low-134418488.html
Oil prices rocket by nearly $4 a barrel
Oil prices surged by nearly $4 a barrel in late trade Friday, rebounding from six-year lows on month-end covering and signs the industry is quickly tightening exploration activities.
Baker Hughes North America rig count, which gauges activity in the United States, Canada and Gulf of Mexico oil and gas fields, took a sharp fall over the past week, dropping by 128 rigs to 1,937. That compared with 2,393 a year ago.
"That's the lowest level we've seen in a couple of years. Perhaps that means tighter supplies in the future," said Flynn.
How high will they take it this time around?
1-20-2015
http://news.yahoo.com/oil-price-firms-slumping-close-six-low-134418488.html
Oil prices rocket by nearly $4 a barrel
Oil prices surged by nearly $4 a barrel in late trade Friday, rebounding from six-year lows on month-end covering and signs the industry is quickly tightening exploration activities.
Baker Hughes North America rig count, which gauges activity in the United States, Canada and Gulf of Mexico oil and gas fields, took a sharp fall over the past week, dropping by 128 rigs to 1,937. That compared with 2,393 a year ago.
"That's the lowest level we've seen in a couple of years. Perhaps that means tighter supplies in the future," said Flynn.