Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs stayed at 1,057 , according to the report, with the number of active oil rigs and the number of gas rigs staying the same. The oil and gas rig count is now 111 up from this time last year. Oil prices had been trading up earlier on Friday, but prices were still on track to end the week in the red. In fact, this week marks the seventh weekly loss as trade wars, unrest in Turkey, and anticipated Iranian production loss sparked fears of waning global demand growth. Contrary to those fears, the International Energy Agency (IEA) reported last week that it foresaw a boost to global oil demand growth by 110,000 barrels per day to 1.5 million barrels per day for 2019. By 12:35am […]