8/6, 7:02 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 2 to 387

The number of oil rigs in the United States in the week ending August 6 grew by 2 to 387 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs remained on the same level of 103, therefore the overall number of rigs operating in the country climbed to 491. Compared to the same period a year earlier, the number of oil rigs is up by 211.

In Canada, the number of rigs increased by 3 to 156. Oil rigs rose by 2 to reach a total of 95, but were up by 82 compared to the same time last year.

Breaking the News / LH