Low oil prices hurting US shale operations

THE number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct 17, compared to the prior week. There are now 1,590 active oil rigs, the lowest level in six weeks.

"Unless there's a significant reversal in oil prices, we're going to see continued declines in the rig count, especiall…