10/8, 7:07 PM (Source: TeleTrader)
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US oil rig count rises by 5 to 433 - Baker Hughes

Baker Hughes weekly rig count data revealed on Friday that the number of oil rigs in the United States in the week ending October 8 came in at 433, five higher than the week before. Compared to the same period a year earlier, the number of oil rigs increased by 240.

The number of US gas rigs remained unchanged at 99 during the same week to bring the overall number of rigs operating in the country to 533.

In Canada, the rig count was up by two to 167. The number of oil rigs decreased by two compared to the previous week, with the tally now standing at 95. The total amount of Canadian rigs grew by 87 over the year.

Baha Breaking the News (BBN) / IB