The U.S. rig count is up 10 to 431
The number of active rigs in the United States increased this week, according to information released by Baker Hughes Industries (ticker: BHI). The total number of rigs reached 431 this week, up ten from last week when the rig count fell slightly. WTI posted gains today despite the increased drilling activity, bringing it to $49.26 per barrel.

The number of rigs targeting oil increased by 11 to 341 this week, while those drilling for gas fell by just one rig. Most of the added rigs were in the Permian Bas...

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