10/1, 7:04 PM (Source: TeleTrader)
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US oil rig count rises by 7 to 428 - Baker Hughes

The number of oil rigs in the United States moved up by 7 in the week ending October 1 compared to the previous week, to stand at 428, the Baker Hughes weekly rig count showed on Friday.

Meanwhile, the number of US gas rigs remained unchanged at 99 during the same week to bring the total number of rigs in the country to 528. Compared to the same period a year earlier, the number of oil rigs increased by 239.

In Canada, the number of rigs increased by 3 to 165. The number of oil rigs in Canada advanced by 1 to 97, while the number of gas rigs went up by 3 to 68. Canada's oil rig count was up by 60 compared to the same period in 2020.

Breaking the News / BU