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U.S. Drillers Cut 40 Oil Rigs, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 47 Words

According to Baker Hughes, the number of rigs drilling for oil in the U.S. declined by 40 in the week ending March 27, to 624, the lowest since March 2017. Oil rigs fell by 54 for the month, the largest monthly decline since February 2016.

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