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U.S. oil-rig count rises for 20th straight week

Staff Writer |
U.S. oilfield-services companies added oil rigs for a 20th straight period last week, underscoring the sustained demand from shale producers.

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The oil-rig count rose by 11 to 733, the biggest jump in seven weeks, Baker Hughes' weekly report showed.

The count of gas rigs fell by three to 182.

The count of miscellaneous rigs was unchanged at two, taking the total rig count up by eight to 916.


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