Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 981, which is an addition of 225 rigs year over year. The number of oil rigs in the United States increased by a single rig this week, and now stands at 800, or 191 over this time last year. The number of gas rigs, which rose by 2 this week, now stands at 181, or 35 rigs above this week last year. Canada lost another 4 rigs this week after losing 12 last week. The losses were 6 for gas, while oil gained 2. At 11:45 am EST, the price of a WTI barrel was trading down $0.22 (-0.36%) to $60.77—dollars below last week’s price. The Brent barrel was also trading down on the day, by $0.02 (-0.03%) to $63.81. That represents […]