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U.S. oil rig count spikes most in nearly 4 years

Staff Writer |
The U.S. oil-rig count resumed its climb this week, rising by 29 to 551 according to Baker Hughes.

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It was the biggest one-week increase since April 2013.

The number of active gas rigs rose by six to 142, with miscellaneous rigs unchanged at one. The combined count jumped by 35 to 694.

Last week, the oil-rig count fell for the first time in 11 weeks.

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