The US energy firms cut oil rigs for the first time in 13 weeks. The US oil and gas rig count, an early indicator of future output, edged up by 3 to 604 in the week to January 21, hitting the highest since April 2020, energy services firm Baker Hughes said on Friday. Baker Hughes said that the rig count is up 226 rigs, or 60%, over this time last year. The US oil rigs fell by 1 to 491 this week, while gas rigs rose by 4 to 113, their highest since January 2020.
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