U.S. Oil Drillers Park One Rig as Production Continues Climb

  • Rig activity declines expected to accelerate in coming weeks
  • As many as another 100 rigs are expected to lose work

What Will It Take for Oil to Find a Floor?

Explorers parked one more drilling rig in U.S. oilfields this week as producers strive to make good on a government forecast that daily production will fall by a million barrels in the next two years.

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