Oil And Gas Rig Count Rises As Crude Prices Stabilize

The number of oil and gas rigs in the United States rose by 2 this week, according to Baker Hughes. The total rig count is now at 544, up 248 from this time last year, but still under the 790 active rigs as of March 2020. The U.S. oil rig count rose this week to 444—a 1-rig increase—after the first loss in seven weeks in the week prior. The number of gas rigs also increased by 1, while miscellaneous rigs stayed the same. The EIA's estimate for oil production in the United States for the week ending October 22 said the same at 11.3…