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Tag Archives: falling rig count

Oil prices jolted as falling rigs wrong-foot bears: Kemp

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John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 2 – Oil prices surged 8 percent on Friday as the market digested news another 94 rigs previously drilling for oil in the United States had been idled over the previous week. It was the largest number of rigs de-activated in a single week since ...

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