Total rig count finally rises, but oil rigs are down again

June 26, 2015 7:29 PM

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Total rig count finally rises, but oil rigs are down again

The number of U.S. rigs drilling for oil declined for a 29th consecutive week, but the total number of operating rigs increased for the first time this year.

The amount of 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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