U.S. rig count increases to 414
The U.S. rig count continued to increase this week, according to information from Baker Hughes Inc. The total number of active rigs in the United States reached 414, up six from last week.

Increases were in both oil and gas rigs this week, with BHI reporting three more of each active in the week ended June 10, 2016. Oil rigs reached 328 while gas rigs are now at 85 total in the country.

Slowly recovering oil prices had many concerned that U.S. oil and gas operators might start bringing more production back...

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