Number of U.S oil rigs jumps to 791
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The increase in the week to February 9 was the biggest weekly rise since January 2017, General Electric's Baker Hughes said.
The U.S. rig count, an early indicator of future output, is much higher than a year ago when 591 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash. ■