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Baker Hughes reports biggest weekly rise in U.S. oil-drilling rigs since October

Baker Hughes
BKR,
+4.53%
on Friday reported that the range of active U.S. rigs drilling for oil was up by 11 to 492 this 7 days. That adopted a rise of just a person oil rig the week prior to, and marked the most important weekly climb considering that Oct, Baker Hughes knowledge exhibit. The overall active U.S. rig depend, which contains those people drilling for pure gasoline, climbed by 13 to 601, according to Baker Hughes. Oil charges ongoing to trade higher in Friday dealings, locating aid as worsening tensions in between Russia and Ukraine elevated fears around a possible disruption to world wide crude materials. February West Texas Intermediate crude
CLG22,
+2.58%
was up $1.78, or 2.2%, at $83.90 a barrel on the New York Mercantile Trade.

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Sarah Jackson is dedicated writer on Finance latest trends topics and have enormous knowledge in Finance & Accounting. Sarah is from Leeds, United Kingdom. Her finance and english skills are of top level and able to deal all kind of topics in same category. She also worked in London Stock Exchange.

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