Oil bulls will get no help this week before the week’s end, with Baker Hughes reporting that the number of oil and gas rigs in the US increased this week, to 796—an increase of 15 rigs. It is the first weekly gain in four weeks. close [x] Pause Unmute Remaining Time -1:07 Fullscreen The total oil and gas rig count is now 254 down from this time last year. For oil rigs, this week saw an increase of 14 rigs, according to Baker Hughes data, bringing the total to 673—a 179-rig loss year over year. The total number of active gas rigs in the United States increased by 1 according to the report, to 120. This compares to 198 ... (full story)