Reuters
China National Offshore Oil Corporation's oil rig in China's South Sea is seen in this photograph taken February 2, 2004.
Last week, the rig count climbed for the second week in a row, rising by 15 to 566, according to Baker Hughes. That was the highest count since November 13, 2015.
Meanwhile, the number of active gas rigs rose by three to 145.
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Andy Kiersz/Business Insider