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U.S. Rig Count Jumps As Oil Prices Hold Above $70 — Juilianne Geiger

Summary:
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year. In the week prior, the U.S. oil and gas rig count increased by 5. The total number of active oil and gas drilling rigs in the U.S. is now 204 more than this time last year. The oil rig count rose by 8 this week to 373....OilpriceU.S. Rig Count Jumps As Oil Prices Hold Above Juilianne Geiger

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Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers boast more than 100 additional rigs this year. In the week prior, the U.S. oil and gas rig count increased by 5. The total number of active oil and gas drilling rigs in the U.S. is now 204 more than this time last year. The oil rig count rose by 8 this week to 373....
Oilprice
U.S. Rig Count Jumps As Oil Prices Hold Above $70
Juilianne Geiger
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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