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U.S. oil drillers cut the most rigs in a week in nearly 5 years

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Christian Fernsby ▼ | March 27, 2020
U.S. energy firms cut the most oil rigs since April 2015, removing rigs for a second week in a row.
Permian Basin
Oil drillers   Permian Basin

Topics: U.S. oil Drillers cut 40 oil rigs in the week to March 27, bringing the total count down to 624, the lowest since March 2017, Baker Hughes said.