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Decline in U.S. oil-rig count was first in 3 weeks

Christian Fernsby |
Baker Hughes reported that the number of active U.S. rigs drilling for oil fell by eight to 825 this week.

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That followed increases in each of the previous two weeks.

Rig data were released a day earlier than usual because markets are closed on Good Friday.

The total active U.S. rig count also declined by 10 to 1,012, according to Baker Hughes.

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