U.S. Rig Count Rises In Volatile Week For Oil ...Middle East

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The number of oil and gas rigs in the United States is up 4 this week, according to Baker Hughes, with the total rig count at 479, up 221 from the same time last year. The U.S. oil rig count rose by 2 this week to 378. The number of gas rigs increased by 2 and now sits at 101. The number of miscellaneous rigs stayed the same. The EIA’s estimate for oil production in the United States for the week ending July 2 was slightly higher than the previous week at an average of 11.3 million barrels per day, up 2 million bpd. The EIA…

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