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rig

Markets

Oil halts two-day slide after US rig count resumes decline

Oilrose for the first time in three sessions after the number of active rigs fell in the U.S., potentially easing a supply glut. Futures advanced as much as 1.1 percent in New York, paring a 4.8 percent loss in the previous two sessions. Rigs targeting oil in the U.S. fell by 15 to 372, according to Baker Hughes Inc. More than 150 have been parked since the start of the year.

Insights

EV Insights: Canadian rig count continues to rise

The Baker Hughes weekly rig count has shown further promising results from Canada. The rig estimate, which has been in force for more than 50 years, is used to show the count overall worldwide, as well as internationally and in the US and Canada.