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As per data released by Baker Hughes, the number of oilrigs in USA increased this week.

  • As per data released by Baker Hughes, the number of oilrigs in USA increased by 5 to 433 as on 8th Oct 2021 compared to 428 previous week. Monthly oilrig count in Sept’21 stood at 406 vs 180 last year same period. Increase in oilrig count in US likely to boost export demand which is major importer of guar. Additionally, Currently rupee against US dollar is near one month low, likely to stimulate guar exports.