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3/26, 6:08 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 6 to 324

The number of oil rigs in the United States rose by 6 to 324 in the week ending March 17, data from Baker Hughes showed on Friday.

During the same period, the number of US gas and miscellaneous rigs rose remained unchanged at 92 and 1 respectively, bringing the overall figure to 417. Compared to the same period a year earlier, the number of rigs is down by 311.

Meanwhile, in Canada, the total number of rigs decreased by 11 in comparison to the prior week, landing at 81. There were 10 fewer oil rigs, while the number of gas platforms decreased by 1. Year-on-year, the figure was up by 27.

Breaking the News / ND