Oil Rig Count Rises After String Of Losses

The US oil and gas rig count was unchanged this week, according to Baker Hughes, staying at 799 rigs for the week, according to Baker Hughes, but the number of active oil rigs increased. For oil rigs, this week saw an increase of 4 rigs, stopping a long string of decreases that saw 107 oil rigs fall off the active list over the previous sixteen weeks, and 206 off the active list over the last year. The total oil and gas rig count is now or 272 down from this time last year. The total number of active gas rigs in the United States fell by 4 according…