Rex Energy Corp fka REXXQ

[BlockTrade]

Oil Rig Count Drops by 5, Hedge Funds Grow Wary on Crude

May 7, 2016 9:35 am EDT

In the week ended May 6, the number of rigs drilling for oil in the United States totaled 328, compared with 332 in the prior week and 668 a year ago. Including 86 other rigs drilling for natural gas, there are a total of 415 working rigs in the country, down by five week over week and down 479 year over year. There is one rig listed as “miscellaneous.” The data come from the latest Baker Hughes Inc. (NYSE: BHI) North American Rotary Rig Count released on Friday.
http://247wallst.com/energy-economy/2016/05/07/oil-rig-count-drops-by-5-hedge-funds-grow-wary-on-crude/