Oil markets mostly ignored the glum forecast from BP that the world is facing a long-term oil glut that won’t disappear for 50 years. Now that is a forecast and as we have seen in the past year, forecasts and commodities do not always make an accurate fit. Figures from Baker Hughes on Friday revealed that the number of active U.S. rigs drilling for oil rose by 15 to 566 rigs this week. The total active US rig count, which includes oil and natural-gas rigs, also rose by 18 to 712, according to Baker Hughes. March West Texas Intermediate crude slid 61 cents, or 1.1%, to settle at $53.17 a barrel in New York. It settled at $US53.78 on Thursday, the highest finish since January 6, according to FactSet data. For the week, the March contract was down less than 0.1% from the $US53.22 it settled at on January […]