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The oil rig count in the US decreased by 1 this week, oilfield services company Baker Hughes data showed Friday.
The number of oil rigs, an indicator of short-term production in the country, fell to 486 for the week ending March 21.
The number of US oil rigs dropped by 23 compared to one year ago.
The price of international benchmark Brent crude stood at $71.72 per barrel at Friday’s trading close, while American benchmark West Texas Intermediate (WTI) was at $68.25 a barrel.
