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U.S. oil rig count increased by 21

Staff Writer |
The U.S. oil rig count jumped this week by 21 to 498, the biggest increase since July 2015 according to driller Baker Hughes.

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Six gas rigs were added, taking their total to 125. With miscellaneous rigs unchanged at one, the combined tally increased by 27 to 624 rigs.

U.S. oilfield services companies have seen stronger demand from producers amid stabilizing oil prices.

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