Economics

Energy Rigs in U.S. Decline for First Time in Three Weeks

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Oil and gas rigs in the U.S. dropped for the first time in three weeks, Baker Hughes Inc. data show.

Total energy rigs declined by five to 1,759, according to data posted on Baker Hughes’ website. The gas count fell by three to 425, the field-services company based in Houston said. Oil rigs dropped by two to 1,330.