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Baker Hughes

on Friday reported that the number of active U.S. rigs drilling for oil rose by nine to 622 this week. That followed an increase of three in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by nine to 779, according to Baker Hughes. Oil prices continued to trade higher, with December West Texas Intermediate crude

up $1.98, or 2.3%, at $88.45 a barrel on the New York Mercantile Exchange.

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