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U.S. Oil Rigs Register Biggest Increase in 4.5 Months

M. Ali 13 August, 2021 9:43 pm Commodities, Market Update

The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday.

This marked the largest increase for U.S. oil rigs since the beginning of April.

The total rig count rose by nine to reach 500, as natural gas rigs decreased by a single rig.

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