U.S. energy firms added oil and natural gas rigs for a 15th month in row in October as oil prices soared to fresh seven-year highs, prompting some drillers to return to the well pad.

For the week, the oil and gas rig count, an early indicator of future output, rose two to 544 in the week to Oct. 29, its highest since April 2020, Baker Hughes Co. said in its weekly report.

That was the seventh time the rig count increased in the past eight weeks.

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