US oil rigs rose by 11, to 341 on Friday, reversing the prior week’s loss and resuming what has been an uneven climb in the last month, according to the latest weekly Baker Hughes rig count released Friday. Although rigs began a recent rise overall from a trough of 316 in late May, this week’s figure is still down 47% from a total of 640 oil rigs that worked during the same week in 2015, the service company’s data showed. This week, a total 431 rigs were working, including natural gas-directed rigs, up 10, but that is exactly half the 862 rigs employed this week in 2015. Among oil rigs, the largest gain came from the Permian Basin in west Texas and New Mexico where 154 rigs were working, up four from the previous week. Still, the Permian oil rig count is down 33% from 231 the same week […]