Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo
The oil and gas rig count, an early indicator of future output, fell by two to 603 in the week to May 10, the lowest since January 2022. , ,Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
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