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8/5, 7:02 PM (Source: TeleTrader)
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US oil rig count down by 7 to 598 - Baker Hughes

The number of oil rigs in the United States fell by 7 to 598 in the week ending August 5 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs went up by 4 to 161 during the same week, while the total number of rigs in the country was down by 3 to 764. In comparison to the same period a year prior, the number of oil rigs increased by 211.

In Canada, the number of rigs declined by 1 to 203. The number of oil rigs in Canada grew by 3 to 140, while the number of gas rigs dropped by 4 to 63. Canada's oil rig count increased by 45 in comparison to the same period in 2021.

Baha Breaking News (BBN) / AY