HOUSTON (Bloomberg) -- U.S. drillers idled rigs seeking oil for a seventh week as production hovers near a three-decade high, contributing to a global glut that’s kept oil prices below $50/bbl for more than two weeks. The oil rig count dropped by 49 this week to 1,317, the lowest level in two years, Baker Hughes Inc. said on its website Friday. Those drilling for natural gas increased by six to 316. The total slid by 43 to 1,633.
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