U.S. Drillers Add 11 Rigs Despite Oil Price Correction

Baker Hughes reported an 11-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas rigs to 1,063 according to the report, with the number of active oil rigs increasing by 8 to reach 869 and the number of gas rigs increasing by 4 to reach 193. Miscellaneous rigs fell by 1. The oil and gas rig count is now 135 up from this time last year. At 12:05pm. EDT on Friday, WTI Crude was trading up 0.31 percent at $71.19—down more than $3 per barrel from last Friday. Brent Crude was trading down…

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