Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs , according to the report, with the number of active oil rigs increasing by 10 to 869 this week, while the number of gas rigs increased by 3, hitting 186. The oil and gas rig count now stands at 1,057—up 108 from this time last year. Oil prices had been trading up earlier on Friday on the back of the International Energy Agency (IEA) report that suggested a boost to global oil demand growth by 110,000 barrels per day to 1.5 million barrels per day for 2019. By 10:29am EDT, WTI was trading up $0.73 (+1.09%) at $67.54 per barrel, with Brent trading up $0.65 (+0.90%) at $72.72—both down close to $1.00 per barrel from last Friday. Goldman Sachs is still […]