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The oil rig count is still on a massive streak (USO, WTI, OIL, VDE)

The count of active oil rigs in the US rose by seven to 425 this week, according to oilfield-services giant Baker Hughes. The gas rig count increased by four to 96. With the count of miscellaneous rigs unchanged at one, the total rig count rose 11 to 522. The oil-rig count has not fallen during the last 14 weeks, the longest streak since before oil prices started slumping in 2014.
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