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U.S. drillers add most oil rigs in week since Feb 2018

U.S. energy firms added the most oil rigs this week since February 2018 – primarily in the Permian shale – even though producers have been reducing spending on new drilling for much of this year.Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the most since early November, energy services firm Baker Hughes Co said in its closely followed report on Friday.

U.S. drillers add most oil rigs in week since Feb 2018