Oil Rig Count Rises As WTI Jumps To $77

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 2 to 588 this week, compared to 654 rigs this same time last year. The number of oil rigs rose by 3 this week after holding steady the week prior. Oil rigs now stand at 485—down by 40 compared to this time last year. The number of gas rigs fell by 1 this week to 97, a loss of 26 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 6.…