The number of active U.S. oil rigs dipped by 7 this week, after increasing by 9 last week, and 3 the week before. Natural gas rigs were up by 4 this week, after gaining one rig the week before. The total number of U.S. oil rigs in production as of today’s report is 333, with Louisiana and Oklahoma coming in as the biggest losers. Last year, the figure stood at 628. Crude prices have begun to fall back during the past couple of days, after reaching an 11-month high at over $51 a barrel earlier this week. U.S. crude prices fell to under $48 a barrel on Friday after news of Britain’s decision to exit the European Union spread. Despite the result of that historical vote, several companies have committed to increasing spending on new drilling ventures for the rest of 2016 and 2017. Experts cited by CNBC expect […]