The the number of active oil and gas rigs in the U.S. fell once again this week according to Baker Hughes, as oil production fell for the first week this year. The total number of active oil and gas drilling rigs fell by 1 rig¬ according to the report, with the number of active oil rigs falling by 1 to reach 833 and the number of gas rigs holding steady at 193. The oil and gas rig count is now just 36 up from this time last year, 33 of which are oil rigs. Oil prices were trading down earlier on Friday leading up to the data release as OPEC appeared to slow its production cut activities, and as global inventories are still thought to be robust. WTI was trading down $0.13 (-0.22%) at $58.48, while Brent was trading down $0.22 (-0.33%) at $67.01 at 12:23pm EST—both benchmarks trading […]