Shale Drilling Slips Back to One-Year Low as Oil Rally Falters

Jul 03 2019, 5:41 PMJul 04 2019, 1:26 AMJuly 03 2019, 5:41 PMJuly 04 2019, 1:26 AM

(Bloomberg) -- American oil explorers cut back on the number of drilling rigs this week, matching a one-year low reached last month, as crude’s rally falters amid growing concerns over demand.