U.S. oil drillers cut rigs for fifth week in a rowChristian Fernsby ▼ | August 2, 2019
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row.
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That is the most weekly declines in a row since March when drillers cut rigs for six consecutive weeks.
During the same week a year ago there were 859 active rigs. ■