The number of active oil and gas rigs in the United States fell this week by 6 rigs. Combined, the total oil and gas rig count in the US now stands at 940 rigs, up 451 rigs from the year prior, with the number of oil rigs in the United States decreasing by 4 and the number of gas rigs decreasing by 2. Oil rigs in the United States now number 759—353 rigs above this time last year. Canada lost 6 oil rigs again this week, with the number of gas rigs increasing by 9—bringing Canada’s total to 217 oil and gas rigs—71 above the year ago levels. Prices rose on Friday as Hurricane Harvey draws nearer to the Gulf Coast, with futures hitting a four-month high. At 7:51am EDT Friday, WTI was trading up 0.74 percent at US$47.78 and Brent was trading up 0.81 percent at US$52.46. The […]