Total U.S. rig count climbs up again
The number of rigs continued to rise this week following OPEC’s agreement to cut 1.2 MMBOPD of production.

The total number of active rigs in the United States reached 597 for the week ended December 2, 2016, according to Baker Hughes Industries (ticker: BHI), up four from last week.

The number of rigs targeting oil increased by three to 477, while those drilling for gas increased by one to 119. One “miscellaneous” rig continues to operate in the U.S. as well, according to the report. Both oil and gas...

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