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Oil rig counts just hit a 5-year low

Tuesday, 10 February 2015



The total number of active U.S. oil and natural-gas drilling rigs looks like it has fallen off a cliff.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March CLH5, -1.25%  settled at $51.69 a barrel, up $1.21, or 2.4%, for the session Friday.

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