Offshore Rig Owners Fall Most in More Than Month on Drop in Oil

The world’s largest owners of offshore drilling rigs fell the most in more than a month as oil’s drop below $40 extended their pain.

Diamond Offshore Drilling Inc. fell 5.7 percent to $21.42 at 12:22 p.m. in New York after earlier dropping as much as 7.4 percent, the worst intraday tumble since May 9. Competitors Transocean Ltd., Ensco Plc and Noble Corp. all had their biggest intraday fall since July 5.

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