U.S. energy firms this week cut oil rigs for the first time in 13 weeks after crude prices fell for six weeks in a row from late October-early December. Oil prices, meanwhile, have recovered and traded at their highest since 2014 this week. Energy analysts said it usually takes about a month or two for drillers to add or remove rigs following oil price moves. The combined U.S. oil and gas rig count, an early indicator of future output, rose by three to 604 in the week to Jan. 21, the highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. , , Baker Hughes said that puts the total rig […]