Baker Hughes reported an increase in the number of active oil rigs in the United States today. The overall rig count increased by 5 rigs , according to the report, with all of that increase coming from oil rigs, the number of gas rigs stayed the same. The oil and gas rig count now stands at 1,052—up 100 from this time last year. Canada, for its part, gained 10 oil rigs for the week—after last week’s gain of 12 oil and gas rigs. After multiple weeks of significant gains, Canada’s oil and gas rig count is now up 7 year over year. Oil benchmarks went in different directions again on Friday afternoon, with WTI trading up and Brent trading down as fears of the escalating U.S.-Chinese trade war and increased production by Saudi Arabia and Russia pulled against concerns over supply disruptions from Venezuela and Libya as well as […]