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Finance· Commodities

U.S. Oil Rig Count Rises as Oil Tops $100

Baker Hughes reported the U.S. active rig count rose to 591 this week, an increase of 52 rigs compared with the same period last year. Oil-focused rigs edged up to 450 while gas rigs rose to 132; meanwhile Brent crude was trading above $100 per barrel heading into the data release.

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