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Oil rig count up for 8th straight week

Staff Writer |
The US oil rig count rose for an 8th straight period by 11 to 443 this week, according to Baker Hughes.

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The gas rig count increased by 3 to 108. The oil rig count has increased since June as operators became more bullish on the market.

The rig count had not dropped for 16 straight weeks , reflecting producers' growing confidence as oil prices rebounded.

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