Number of oil rigs in the U.S. declines again

Market news

11 May 2015

Number of oil rigs in the U.S. declines again

The oil driller Baker Hughes reported that the number of active U.S. rigs declined by 11 rigs to 668 last week, the lowest weekly level since September 2010.

Combined oil and gas rigs fell by 11 to 894, the lowest level since June 2009.

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