The United States oil and gas rig count jumped by 15 this week, to its highest level since September 18, 2015, according to Baker Hughes ’ latest report on domestic drilling activity. The number of oil and gas rigs currently active in the United States now sits at 839, which is an increase of 396 year over year. Prices seemed undeterred by the ambitions of US shale count this week, likely in part due to Canada, which lost a total of 23 rigs this week, more than offsetting the additional rigs in play in the United States. Prior to the Baker Hughes data release on rig counts, oil prices had spiked to a one-month high less than a day after President Trump ordered missile strikes against Syrian military infrastructure in response to a chemical weapons attack for which security sources held responsible the Bashar Assad government. By 12:25pm EST, […]