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10/7, 7:02 PM (Source: TeleTrader)
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US oil rig count down by 2 to 602 - Baker Hughes

The number of oil rigs in the United States decreased by 2 to 602 in the week ending October 7 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of US gas rigs fell by 1 to 158 during the same week bringing the total number of rigs in the country to 762. Compared to the same period a year earlier, the number of oil rigs was up by 169.

In Canada, the number of rigs rose by 2 to 215 as the number of oil rigs increased by 4 to 148, and the number of gas rigs fell by 2 to 67. Canada's oil rig count was up by 53 compared to the same period in 2021.

Baha Breaking News (BBN) / NP