4/1, 7:09 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 13 to 337

The number of oil rigs in the United States rose by 13 to 337 in the week ending April 1, data from Baker Hughes showed on Thursday.

During the same period, the number of US gas rigs declined by 1 to 91, while the miscellaneous rigs increased by 1 to a total of 2, bringing the overall figure to 430. Compared to the same period a year earlier, the number of rigs is down by 234.

Meanwhile, in Canada, the total number of rigs decreased by 12 in comparison to the prior week, landing at 69. There were 7 fewer oil rigs, while the number of gas platforms decreased by 5. Year-on-year, the figure was up by 28 rigs.

Breaking the News / LH