Economics
Natural Gas Rigs in U.S. Gain a Third Month on Price Rebound
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The natural gas rig count in the U.S. rose for the third straight month as a rebound in prices draws energy producers back to dry-gas plays.
The gas count rose by five to 434, the highest level in three weeks, data posted on Baker Hughes Inc.’s website show. Oil rigs dropped by one to 1,315, the field-services company based in Houston said. Total energy rigs rose by four to 1,753, the first increase since Nov. 23.