While OPEC continues to curb its in-house oil production among its members, US drillers are ramping up, adding rigs for the fifth week in a row. This week, Baker Hughes reported that active oil and gas rigs in the US had climbed by 2. The total oil and gas rig count in the United States now stands at 931 rigs, up 307 rigs from a year ago, with the number of oil rigs climbing by 2 and the number of gas rigs holding steady. The number of oil rigs stand at 751 versus 498 a year ago. The number of gas rigs in the US now stands at 180, up from 125 a year ago. The WTI and Brent benchmarks had slipped earlier in the week after the EIA and API reported a massive build in gasoline inventories. But prices had started to recover on Friday on threats of […]