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7/19, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 5 to 779 - Baker Hughes

The number of oil rigs in the United States decreased by 5 to 779 in the week ending July 19 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs rose by 2 to 174 during the same week, bringing the total number of rigs in the country to 954. On an annual basis, the number of US oil rigs decreased by 79.

In Canada, the total rig count was 118, up by 1 from the previous week. The number of oil rigs in Canada declined by 2 to 83 and the number of gas rigs rose by 3 to 35. Year-on-year, the number of oil rigs in Canada was down by 59.

Breaking the News / NP