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4/23, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 1 to 343 - Baker Hughes

The number of oil rigs in the United States stood at 343 in the week ending April 23, down by one compared to the previous week, according to the Baker Hughes rig count data released on Friday. On an annual basis, the number of oil rigs dropped by 35.

Meanwhile, there were 94 gas rigs in the US in the week ending April 23, unchanged from the week prior and nine more compared to last year. The total number of rigs in the country now stands at 438, decreasing by one from last week and by 27 from a year ago.

In Canada, the total rig count stood at 55, one fewer from last week and 29 more than 12 months ago. The number of oil rigs was 17, unchanged on a weekly basis, while the gas rig count decreased by one from the previous week to land at 38. Year-over-year, Canada gained nine oil rigs and 20 gas rigs.

Breaking the News / MS