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US rig count drops 9 to 406, all-time low

The number of rigs drilling for oil and natural gas in the U.S. dropped by nine the week ending May 13 to 406, another all-time low amid depressed energy prices.
A year ago, 888 rigs were active.
Houston oilfield services company Baker Hughes Inc. said 328 rigs sought oil and 86 natural gas. One w…