Baker Hughes reported a dip of two in the oil and gas rig count in the United States this week, bringing the total number of active oil and gas rigs to 1,052 according to the report, with the number of active oil rigs decreasing by 2 to reach 861 and the number of gas rigs holding steady at 189. The oil and gas rig count is now 116 up from this time last year. At 12:30pm. EDT on Friday, WTI Crude was trading up 0.35 percent at $74.59—up more than $1 from last week and at highs not seen since near the end of 2014. Brent Crude was trading up on the day by 0.17 percent at $84.72 up over $2 per barrel from this time last week. Prices climbed on persistent fears that US sanctions on Iran will take off more barrels of oil than other suppliers can […]