Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,067 according to the report, with the number of active oil rigs decreasing by 1 to reach 874 and the number of gas rigs holding steady at 193. The oil and gas rig count is now 169 up from this time last year. Crude oil fell on Friday on the news that the United States will indeed grant eight countries waivers for purchasing crude oil from soon to be sanctioned Iran. The official announcement from Washington is scheduled to be released on Monday, the day the sanctions go into effect. At 12:20pm. EDT on Friday, the price of the WTI crude benchmark was down 0.64% (-$0.41) at $63.28—a more than $4 per barrel slide from this time last week. For the […]