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US oil rigs down in week

US oil rigs down in week

Mubasher: The number of active oil and gas rigs in the United States declined last week, as shown by the data of Baker Hughes. 

The total number decreased by 5 rigs to 924 rigs, which indicated an increase of addition of 259 during 2017.

US Oil rigs went down by 5 from 747 to 742, compared to 529 in the year before.

Meanwhile, the total number of gas rigs remained stable at 182, up from 135 a year ago.