6/24, 7:04 PM (Source: TeleTrader)
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US oil rig count up by 10 to 594 - Baker Hughes

The number of oil rigs in the United States stood at 594 in the week ending June 24, up by 10 compared to the previous week, according to the Baker Hughes rig count data released on Friday. On an annual basis, the number of oil rigs soared by 222.

Meanwhile, the US gas rig count increased by three to 157 during the same week and rose by 59 compared to last year. The total number of rigs in the country now stands at 735, climbing by 13 from last week and surging by 238 from the previous year.

In Canada, the total rig count stood at 154, down by two from last week but up by 28 in comparison to 12 months ago. The number of oil rigs was unchanged at 104 and the number of gas rigs was 50, two fewer on a weekly basis. Year-over-year, Canada gained 22 oil rigs and six gas rigs.

Baha Breaking News (BBN) / MS