The total number of oil and gas rigs now stands at 978, which is an addition of 224 rigs year over year. The number of oil rigs in the United States increased by a single rig this week, and now stands at 799, or 197 over this time last year. The number of gas rigs, which rose by 2 this week, now stands at 179, or 28 rigs above this week last year. Canada lost 12 rigs this week; 9 for oil and 3 for gas. At 12:36 pm EST, the price of a WTI barrel was trading up $0.78 (+1.24%) to $63.55. The Brent barrel trading up $0.74 (+1.12%) to $66.85—both benchmarks up from last week. Oil prices dipped a couple of weeks ago after several weeks of EIA reporting higher crude oil inventories, and an updated IEA forecast that warned that a new glut may be coming […]