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Oil rig count shows recovery is beginning, analysts say

2015-06-29 08:30:59| Energy - Topix.net

The number of United States rigs drilling for oil declined for a 29th consecutive week, but the total number of operating rigs has increased for the first time this year. Rigs drilling for natural gas increased by five for the week, which was more than the loss of three oil rigs from last week, according to data from oil services provider Baker Hughes.

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