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Well, a sharp drop in the widely-watched Baker Hughes rig count helped. It revealed the number of oil rigs dropped by 94 during the week to 1,543. It was the biggest weekly fall since 1987. There are now 242 fewer rigs in action than this this time last year, which means less capacity to pump the black stuff.
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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