3/5, 7:01 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up 1 to 310

The number of oil rigs in the United States increased by 1 to 310 in the week ending February 26 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs was unchanged at 92 during the same week to bring the total number of rigs in the country to 402 with 1 miscellaneous rig. Compared to the same period a year earlier, the number of oil rigs is down by 372.

In Canada, the number of rigs decreased by 22 to 141. The number of oil rigs in Canada fell by 12 to 80 and is down by 54 compared to the same time a year ago.

Breaking the News / JC