2/14, 7:01 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 2 to 678

The number of oil rigs in the United States rose by 2 to 678 in the week ending February 14 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the US oil rig count was down by 179 rigs in the same seven-day period.

Meanwhile, the US gas rig count dropped by 1 to 110 during the same week, bringing the total number of rigs in the country to 790. The number of the country's gas rigs slipped by 84 year-over-year.

The total rig count in Canada decreased to 255 in the week ending February 14 with the number of oil rigs landing at 172. Meanwhile, the number of gas rigs dropped by 7 to reach a total amount of 83 rigs.

Breaking the News / ND