FuelFix (blog) | Sub-$55 Oil Has U.S. Drillers Idling Most Rigs in 2 Years Bloomberg U.S. oil drillers idled the most rigs since 2012 as prices slide below $55 a barrel to the lowest level in five years and a fight for market share with OPEC intensifies. Rigs targeting oil declined by 37 to 1,499 in the week ended Dec. 26, the lowest ... Oil prices fall to five-year low; 250000 jobs at stake in 8 states U.S. oil and gas rig count drops by 35 to 1840 |