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Oil rig count up for 8th straight week

Staff Writer | October 21, 2016
The US oil rig count rose for an 8th straight period by 11 to 443 this week, according to Baker Hughes.
Oil rig2110
Exploration   The oil rig count has increased since June
The gas rig count increased by 3 to 108. The oil rig count has increased since June as operators became more bullish on the market.

The rig count had not dropped for 16 straight weeks , reflecting producers' growing confidence as oil prices rebounded.


 

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