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Drill rigs in Canada double in January
Alberta

Drill rigs in Canada double in January 

A bullish United States crude oil market is rippling north as the number of rigs drilling for oil and gas in Canada more than doubled to 203 last week.

This new exploration activity comes on the back of American crude futures that jumped to almost $66-per-barrel on January 8; a nearly 30 percent increase since the end of last year, and an eight-month high overall.

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