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Oil Up Despite Another Rig Count Increase ...Middle East
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 3 to 351. The oil and gas rig count has risen for six weeks in a row for a total gain of 41. The oil rig count increased by 3 this week, while the number of gas rigs remained unchanged. The number of miscellaneous rigs were also unchanged. Total oil and gas rigs in the United States are now down by 445 compared to this time last year. The EIA’s estimate for oil production in the United States stayed the same during the week ending December 25,…
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