Economics
Drilling Rigs in U.S. Advance as Barclays Predicts Rebound
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Rigs in the U.S. advanced for the first time in three weeks as drilling permits reached the highest level in more than a year and Barclays Plc predicted a rebound in the count.
Total rigs gained by nine to 1,757, according to Baker Hughes Inc. The oil count increased by five to 1,395, the Houston-based field services company said on its website. Gas rigs were up two to 355. Miscellaneous rigs rose two to seven.