Oil rig count jumps by 17

pulse

February 3, 2017 6:36 PM

The US oil rig count climbed for the third week in a row, rising by 17 to 583, according to Baker Hughes.

China National Offshore Oil Corporation's oil rig in China's South Sea is seen in this photograph taken February 2, 2004.

That is the highest rig count since October 23, 2015.

Last week, the rig count climbed for the second week in a row, rising by 15 to 566, according to Baker Hughes.

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