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U.S. companies add most oil rigs in week since February 2018

Christian Fernsby |
U.S. energy firms added the most oil rigs this week since February 2018, even though producers have been reducing spending on new drilling.

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Topics: U.S.    OIL RIG   

Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the most since early November, Baker said.

In the same week a year ago, there were 883 active rigs.

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