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Oil Slips as Increase in Drilling Reported | Alga Processing
An increase in the number of U.S. rigs raises the possibility of a strong revival in production Crude Oil: $53.83 per barrel, Natural gas: $3.063/MMBtu, Gold:$ 1218.50 per troy oz. News: Oil prices edged lower Monday as reports of increased drilling in the U.S. damped appetite among investors following last week’s 2% uptick. U.S. light sweet crude for …