Baker Hughes reported an increase of a single oil and gas rig in the United States this week, bringing the total number of active oil and gas rigs to 1,054 according to the report, with the number of active oil rigs decreasing by three to reach 863 and the number of gas rigs increasing by three. The miscellaneous rig count increased by one rig. The oil and gas rig count is now 114 up from this time last year. At 12:22pm. EDT on Friday, WTI Crude was trading up 1.72 percent at $73.36—up over $3 per barrel up from this time last week, while Brent Crude was trading up on the day by 1.98 percent at $82.99—up more than $5 per barrel from this time last week. Prices climbed this week as OPEC failed to agree to a production increase at their weekend meeting juts days ago, intensifying fears […]