US Oil Rig Count Surges Most In 5 Months As Production Hits Record High

For the second week in the last 3, US oil rig counts rose dramatically (up 9 to 747).

For the second week in the last 3, US oil rig counts rose dramatically (up 9 to 747).

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The 18 rig jump is the biggest since June, to the highest level in almost 2 months, as the rebound in oil prices begins to draw out more production...

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