Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs rose by 2 rigs, according to the report, with the number of active oil rigs increasing by 3 to reach 857 and the number of gas rigs decreasing by 1 to reach 194. The oil and gas rig count is now 76 up from this time last year, 59 of which is in oil rigs. While the overall rig count is up for the week, the Permian basin saw the largest drop in rigs this week, losing 5 rigs. Oil prices were trading up earlier on Friday with steadfast faith in OPEC’s production ... (full story)