The total US rig count, which on Friday stood at 476, is now at its lowest point ever in the 67-year history of the Baker Hughes numbers, according to data released by the oilfield service company. That is down by four from last week and down from 1,069 working the same week in 2015 and a recent peak of 1,931 in late 2014. The previous low was 488 in April 1999, Baker Hughes records show. Meanwhile, the US oil rig count posted its first gain in three months, rising by one to 387 amid speculation that a recent rally in crude prices could signal that a long-awaited industry turnaround may be at hand. The 387 oil rigs this week were down 53% from 825 the same week a year ago, and a recent peak of 1,607 in late 2014. Also, the Eagle Ford Shale in south Texas, one of […]