U.S. Rig Count Climbs Sixteenth-Straight Week

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Drilling activity in the U.S. has increased yet again, with Baker Hughes weekly rig count reporting seven additional rigs this week. The total number of rigs active in the U.S. is now 877, more than double the 415 rigs that were operating this time last year. Oil-targeting rigs increased by six this week, totaling 703…

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