The number of active oil and gas rigs rose this week, according to Baker Hughes data , increasing by 1 rig, for a total of 931 rigs currently in operation in the United States—278 rigs above this time last year. The number of oil rigs in the U.S. stayed the same, while the number of gas rigs climbed by 1. The number of oil rigs stands at 747 versus 523 a year ago. The number of gas rigs in the U.S. now stands at 184, up from 129 a year ago. For Canada’s part, the number of oil and gas rigs fell hard, by 28 rigs, with gas and oil rigs each falling by 14. At 1:00pm EST, the price of a WTI barrel was down $0.11 (+0.19 percent) to $58.25, while the Brent barrel was trading up $0.16 (-0.11 percent) to $64.50. Prices had come off a previous […]