U.S. Rig Count Falls As Oil Market Uncertainty Continues

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 180. The total number of active oil and gas rigs decreased for the week by 2, with oil rigs falling by 1 and gas rigs falling by 1. Total oil and gas rigs in the United States are now down by 632 compared to this time last year. The EIA’s estimate for oil production in the United States rose for the week ending September 4—the last week for which there is data, to 10.0 million barrels of oil per day, up from 9.7 million bpd in the week prior.…