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Baker Hughes: U.S. Drillers Cut Rigs for 3rd Week to Nov 2009 Lows - cDiver
U.S. energy firms cut oil rigs for a third week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as energy firms keep slashing spending despite crude futures prices jumping roughly 50 percent since hitting a near 13-year low in February. Drillers cut 8 oil rigs... Continue Reading »