ZH: Oil/Gasoline Fall After Surprise Gasoline Inventory Build
Oil prices started a downturn on June 20, 2014. Since then, the number of active oil rigs has fallen 55.8%. US crude oil production is ~3.9% below its peak in June 2015
Over the past ten years, the lows and highs in the oil rig count and crude oil prices have been three to four months apart
U.S. daily oil production
"At 532.3 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year"
You don't say...
CFTC Crude Oil net speculative positions
Deflation with Oil
The U.S. Oil ETF
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