US Oil Drillers Take A Break As Oil Prices Hover Near $100

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 587, up 45 from this same time last year.

The number of active oil rigs fell by 2, reaching 450 during the latest reporting period, according to the data.

This is 35 above this same time last year.

The number of gas rigs rose by 1 and now stand at 127, which is 5 more than this time last year.

Miscellaneous rigs stayed at 10.

The latest EIA data showed…