The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240 from the same time last year. The U.S. oil rig count rose by 7 this week to 387. The number of gas rigs stayed the same at 104. The number of miscellaneous rigs also stayed the same. The EIA’s estimate for oil production in the United States for the week ending July 16 stayed the same at an average of 11.4 million barrels per day. Production is still well below the 13.1 million bpd…
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