U.S. Baker Hughes Rig Count Falls From 23-Month High
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Oil and natural gas rigs operating in the U.S. fell from a 23-month high this week, according to data published by Baker Hughes Inc.
The combined oil and gas rig count declined by 14 to 1,709, the first drop in four weeks. Last week, the figure was at its highest level since Dec. 19, 2008. The rig count rose to a 22-year high in 2008, peaking at 2,031.