9/10, 7:03 PM (Source: TeleTrader)
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Baker Hughes: US oil rig count up by 7 to 401

The number of oil rigs in the United States in the week ending September 10 came in at 401, seven higher compared to the previous week, Baker Hughes weekly rig count data revealed on Friday.

The data showed that the number of US gas rigs decreased by one to 101 since the week before, while the overall number of rigs operating in the country increased by six to 503. In comparison to the corresponding period a year earlier, the number of oil rigs was up by 221.

In Canada, the rig count declined by nine to 143. There were five fewer oil rigs compared to the previous week, with the tally now standing at 87. On an annual level, the number of Canadian oil rigs advanced by 68.

Breaking the News / LH