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US oil rigs drop to lowest in five years

2015-10-03 11:14:28| Oil & Gas - Topix.net

Rigs targeting oil in the US fell by 26 to 614, adding to the 35 sidelined in the previous four weeks, Baker Hughes said. US oil explorers reduced rigs to a five-year low, driving a decline in domestic production as crude prices hover near $US45 a barrel.

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