5/6, 7:04 PM (Source: TeleTrader)
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Oil rig count in US up by 5 to 557 - Baker Hughes

The number of oil rigs in the United States rose by five to 557 in the week ending May 6 compared to the previous week, Baker Hughes said in its newest weekly report published on Friday.

Meanwhile, the number of gas rigs went up by seven in the same period to reach 705. Annually, the count of oil rigs grew by 344 and of gas rigs by 43.

In Canada, the number of oil rigs came in at 42, down by three week-on-week, but up by 20 year-on-year. The count of gas rigs increased by 16 on an annual level and declined by one on a weekly basis to 49.

Baha Breaking News (BBN) / JR