HOUSTON (Bloomberg) -- Oil rigs targeting oil in the U.S. declined by 25 this week to 1,564, according to Baker Hughes Inc. The drop was the largest since December 2012. Total rigs fell by 17 to 1,896, data posted on the company’s website show. The gas count increased by nine to 330, the Houston-based field services company said. Rigs fell the most in the Permian basin of Texas and New Mexico, dropping by three to 555.
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U.S. oil rigs decline by most since 2012, Baker Hughes says
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