Friday, February 12, 2016

US Oil Rig Count Plunges By Most In 10 Months

Enjoy the low gasoline prices while you can. Oil rigs in the field continue to collapse.

The oilfield services firm Baker Hughes reports that the number of oil rigs drilling in U.S. fields fell by 28 last week to a total of 439, compared with 1,056 at this time last year.


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