Oil Rebounds After U.S. Producers Reduce Rigs to Five-Year Low

  • Rigs targeting oil in the U.S. fell by 26 to 614 this week
  • U.S. added fewer jobs than projected in September amid turmoil

Oil Producers Moving to Balance Production, Demand

Crude rose after U.S. explorers reduced the number of rigs drilling for oil to a five-year low, signaling further drops in production.

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