Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,076 according to the report, with the number of active oil rigs increasing by 2 to reach 887 and the number of gas rigs falling by 5 at 189. The oil and gas rig count is now 147 up from this time last year, 138 of which is in oil rigs. Crude oil prices slumped on Friday and were set to crown November as the worst month for oil prices in a decade as fears of oversupply and slowing demand growth took precedence over hopes that OPEC+ will agree to curb oil production at its meeting on December 6 and 7. The WTI benchmark was trading down 0.35% (-0.18) at $51.27 at 12:42pm EST—a $4 per barrel slide week on […]