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US adds new oil drilling rigs

Mohamed Abdelhamid 16 July, 2022 1:12 am Commodities, Market Update

Active drilling rigs in the US rose by 4 to 756, the highest since March 2020 and 56% more than a year ago, according to the latest weekly survey from Baker Hughes.

Drilling rigs targeting crude oil gained 2 to 599, also the most since 2020, and gas rigs were unchanged at 153, while 4 rigs were classified as miscellaneous.

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