Oil prices off session highs, U.S. rig count up by 11
By Ethan Lou NEW YORK (Reuters) - Oil prices drifted around unchanged on Friday, retreating from early highs after data showed the first double-digit growth in U.S. oil rigs since crude prices hit $50 a barrel. A closely watched report from oil services firm Baker Hughes showed the number of active U.S. oil rigs rose by 11 this week, the 17th week without a decline in the rig count. U.S. crude prices then ranged between $44 and $48.
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