U.S. oil rig count decline quickened this week: Baker Hughes

April 25, 2015 12:12 AM

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U.S. oil rig count decline quickened this week: Baker Hughes

(Reuters) - The fall in U.S. rigs drilling for oil quickened a bit this week, data showed on Friday, suggesting a recent slowdown in the decline in drilling was temporary, after slumping oil prices caused energy companies to idle half the country's rigs since October.

Drillers idled 31 oil rigs this week, leaving 703 rigs active, after taking 26 and 42 rigs out of service in the previous two weeks, oil services firm Baker Hughes Inc said in its closely watched report.

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