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US oil rigs go down in week

US oil rigs go down in week

Mubasher: Oil and gas rigs in the US declined during the week ended 22 March.

The rigs count showed a decline of 9 oil rigs last week, bringing the total count to 824.

Moreover, natural gas rigs decreased by 1 rig, reaching 192 in a week, according to the data of Baker Hughes.

By 5:02 pm GMT, May Nymex WTI lost 2.2%, to close at $54.64 per barrel.