U.S. Oil-Rig Count Caps First Six-Week Gain in a Year

U.S. oil producers are returning to the shale patch, adding rigs for a sixth-straight week in the longest streak of expansion since last August. Rigs targeting crude in the U.S. rose by 7 to 381 this week, according to Baker Hughes Inc. data released Friday. Drilling has increased as West Texas Intermediate oil prices have rebounded from a 12-year low in February.

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