Oil prices stayed steady through the summer months but could have some rocky days ahead as global inventories continue to fall and the trade standoff between the United States and Iran intensifies. WTI has risen more than $35 in the last 12 months, leading oil producers to ramp up production in the United States and worldwide. U.S. oil fields had 1,031 rigs working in August, up 101 from a year prior, according to Baker Hughes. U.S. oil production broke a record in March with more than 324.3 million barrels produced, according to the Energy Information Administration . Texas accounts for more than one third of the […]