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U.S. oil rig count going up for 5th straight week

Staff Writer |
The .US. rig count increased by six this week to 597, according to Baker Hughes.

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The gas rig count rose four to 153. One miscellaneous rig remained in use, taking the total rig count up by 10 to 751.

The tally of oil rigs, which plunged with oil prices in 2014, rose by eight last week.

The count is more than 80% above the low reached in May 2016.

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