U.S. Rig Count Ticks Higher On Crude Price Recovery

The number of active drilling rigs in the United States this week rose by 7, according to Baker Hughes. The total rig count rose to 576—a figure that is 238 up from this time last year. Active rigs are still hundreds less than the 790 active rigs that were drilling in the pre-covid world. The U.S. oil rig count rose by 4 to 471 while gas rigs rose by 3 to 105. Miscellaneous rigs held at zero.   The EIA's estimate for oil production in the United States for the week ending December 3, the last week for which there is data, rose 100,000…