Oil Rig Fleet Expands Most in 10 Months in U.S. as Crude Surges
- American benchmark crude on track for best January since 2005
- Drillers added 12 rigs this week, most since March 2017
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Explorers deployed more drilling rigs across U.S. oil fields this week as crude prices pushed to levels not seen in more than three years.
Working rigs drilling for American crude rose by 12 this week, bringing the total up to 759, according to Baker Hughes data released Friday. It was the biggest increase in 10 months.