Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 263. The total number of active oil and gas rigs increased for the week by 8. The oil and gas rig count has risen for four weeks in a row for a four-week gain of 36. Oil rigs increased by 5 and gas rigs rose by 2. Miscellaneous rigs rose by 1. Total oil and gas rigs in the United States are now down by 467 compared to this time last year. The EIA’s estimate for oil production in the United States fell to 11.0 million barrels of oil per day, 2.1 million…
