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Oil Price Forecast Looks Grim For U.S. Producers

U.S. rig count remains steady at 539 with oil rigs up slightly and gas rigs down, continuing a multi-year decline driven by lower prices and a focus on debt reduction.

Summary by Forbes
The EIA's recent short-term outlook for oil prices forecast a slide in oil prices potentially leading to lower rig counts and more job losses.

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U.S. News broke the news in New York, United States on Friday, August 15, 2025.
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