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US oil drillers cut rigs despite price recovery: Baker Hughes

Monday, May 30, 2016 - 05:50

New York

US oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices last week tested a seven-month high at US$50 a barrel.

Prices were on track to recover for seven out of the last eight weeks, and are now

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