U.S. rig count is growing, particularly in the Permian, as OPEC appears to be complying
The United States rig count grew by 35 in the week ended January 20, 2017, according to Baker Hughes Industries (ticker: BHI). The total count now sits just below 700 at 694, according to the group. The current count is now 57 rigs higher than where it was at this time last year.

The majority of the gains came from rigs drilling for oil, which increased by 29 over the course of the last week. Those drilling for natural gas increased by six week-over-week...


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