9/24, 7:02 PM (Source: TeleTrader)
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Baker Hughes: Oil rig count in US up by 10 to 421

The number of oil rigs in the United States in the week ending September 24 came in at 421, ten higher compared to the week before, Baker Hughes weekly rig count data revealed on Friday.

The data showed that the number of US gas rigs slid by one to land at 99 during the same week to bring the overall number of rigs operating in the country to 521. In comparison to the corresponding period a year earlier, the number of oil rigs was up by 260.

In Canada, the rig count was up by 8 to 162. The number of oil rigs increased by one compared to the previous week, with the tally now standing at 96. The total amount of Canadian rigs advanced by 91 on an annual level.

Breaking the News / LH