Baker Crash in US Oil Rig $BHI $USO

Baker Hughes is a rotary rig counts service provider to the petroleum industry since 1944. In the Weekly North American rig count released on every 5th working day of each month.

In this count the company says just 11 U.S. oil rigs were idled this week, signaling that the sharp decline in active drilling, due to fall in prices.

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