Economics
Energy Rigs Advance as Crude Oil Prices Prompt More Drilling
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Oil and gas rigs in the U.S. advanced to a four-month high as drillers moved to take advantage of rising prices.
The count rose by six to 1,776, according to Baker Hughes Inc., a Houston-based field services company, the most since March 15 and the fourth increase in a row. Oil rigs rose six to 1,401. Gas rigs maintained their week-ago level of 369, a three-month high.