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US Crude Oil Rigs Hit March 2015 Highs

Gordon Kristopher
US Crude Oil Rigs Hit March 2015 Highs

Baker Hughes, a GE company (BHGE), released its weekly US crude oil rig count report on April 27. Baker Hughes reported that US crude oil rigs increased by five to 825 on April 20–27. US oil rigs were at the highest level since March 20, 2015. The rigs also have risen by 128 or ~18.4% from a year ago.