For the sixth consecutive week, U.S. energy firms this week added oil and gas rigs for the best quarter since second-quarter 2017.

According to Baker Hughes Co., the oil and gas rig count rose by about three rigs in the week to Dec. 30. For the quarter, the count was up 90, the most in a quarter since second-quarter 2017 when it rose by 116 rigs. The overall rig count for the year was down 454. However, the current surge began in August 2020.

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