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7/24, 7:01 PM (Source: TeleTrader)
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US oil rig count up by 1 to 181 - Baker Hughes

The number of oil rigs in the United States increased by 1 to 181 in the week ending July 24 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs fell by 3 to 68 during the same week to bring the total number of rigs in the country to 251. Compared to the same period a year earlier, the number of oil rigs plunged by 595.

In Canada, the number of rigs climbed by 10 to 42. Oil rigs were up by 4 to 10, while gas rigs increased by 6 to 32. The number of oil rigs in Canada fell by 75 compared to the same time a year ago.

Breaking the News / NP