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Home>Oil posts worst decline in 2015 as rig count rise

Oil posts worst decline in 2015 as rig count rise

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Fri, 31 Jul 2015

Crude-oil futures closed lower Friday, with West Texas Intermediate crude for September delivery giving up $1.40, or roughly 2.9%, to settle at $47.12 a barrel. Already under pressure, oil futures extended declines after oil-services firm Baker Hughes said the number of U.S. oil rigs rose by five
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