Baker Hughes is scheduled to report its drilling-rig count Thursday. The market needed another hole in the ground like it needed a hole in the head. When Baker Hughes Inc. BHI 1.75 % reported that the number of rotary rigs drilling for oil in North America rose for the week ended Dec. 18, it helped push crude prices to their lowest in seven years. Surely with prices down by more than 70% and U.S. inventories near their highest for this time of year since the Great Depression, the number was a misprint? The indicator resumed its fall the following holiday-shortened week, giving a fillip to crude prices. Rigs dedicated to oil, which have shriveled by two-thirds since September 2014, probably will resume their downward trajectory when Baker Hughes issues its next report on Thursday. That could help oil prices, which have firmed slightly from […]