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6/18, 7:05 PM (Source: TeleTrader)
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Oil rig count in US up by 8 to 373 - Baker Hughes

The number of oil rigs in the United States increased by 8 compared to the week before to stand at 373 in the week ending June 18, the data published by Baker Hughes unveiled on Friday. On an annual basis, the number of oil rigs jumped by 184.

The number of gas rigs in the US was 97 in the week ending June 18, up by one from the prior week's figure and up by 22 more compared to last year. The total number of rigs in the country now stands at 470, which is 9 rigs more than last week's level and 204 more compared to the previous year's count.

In Canada, the total rig count stood at 117, up by 24 compared to last week and 100 more than 12 months ago. The number of oil rigs was 74, up by 15 on a weekly basis, while the gas rig count increased by 9 to reach 43. Year-over-year, Canada gained 69 oil rigs and 31 gas rigs.

Breaking the News / LH