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Baker Hughes BKR,
Friday reported the largest weekly drop in U.S. oil rigs so far this year, following evacuations in the Gulf of Mexico from Hurricane Ida last weekend. The number of active U.S. oil rigs fell from 16 to 394 this week. The total number of active rigs in the United States, which includes those drilling for natural gas, also fell by 11 to 497, according to Baker Hughes. October brut West Texas Intermediate CLV21,
continued to trade lower, the contract down 49 cents, or 0.7%, to $ 69.50 a barrel on the New York Mercantile Exchange.
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