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Oct. 22, 2021, 1:08 p.m. EDT

Baker Hughes reports the first weekly decline in U.S. oil-drilling rigs in 7 weeks

Baker Hughes (NAS:BKR) on Friday reported that the number of active U.S. rigs drilling for oil declined by two to 443 this week. The weekly decline followed six consecutive weeks of increases. The total active U.S. rig count, which includes those drilling for natural gas, also fell by one to stand at 542, according to Baker Hughes. December West Texas Intermediate crude continued to trade higher, up 93 cents, or 1.1%, at $83.43 a barrel on the New York Mercantile Exchange.

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