We finally reach the inflection point. Oil drillers added rigs in the Permian and Bakken shale basins this week, data showed on Friday, another sign that higher crude prices are coaxing producers back to the well pad after a six-month slump in activity.
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http://www.wsj.com/articles/u-s-oil-rig-count-falls-to-631-in-latest-week-1434734577
The total count continues to drop in NA for last 28 weeks.