U.S. rig count jumps 20 
Drilling activities continue to ramp up ahead of OPEC’s meeting November 30 as U.S. operators look to take advantage of improved oil prices and greater drilling efficiencies. The total number of rigs drilling in the country increased 20 to 588 for the week ended November 18, 2016, according to Baker Hughes Industries (ticker: BHI), with the majority of the gains in the Permian.

Baker Hughes’ data shows the number of rigs targeting oil increased 19 to a total of 471 while just one rig was added to the total number dr...

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