Uh-oh: U.S. oil rigs are sliding once again, and it’s alarming investors

April 11, 2015 12:44 PM

55 0

Uh-oh: U.S. oil rigs are sliding once again, and it’s alarming investors

Despite oil prices showing some positive signs this week, it’s not enough to spare the oil industry, which is seeing oil rigs being shut down at an alarming rate.

As slumping oil prices continue to plague the industry, the drop in the number of U.S. rigs drilling for oil picked up the pace this week, meaning that the slowdown was only temporary.

Read more

To category page

Loading...