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5/22, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 21 to 237 - Baker Hughes

The number of oil rigs in the United States decreased by 21 to 237 in the week ending May 22 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs remained unchanged at 79 during the same week to bring the total number of rigs in the country to 318. Compared to the same period a year earlier, the number of oil rigs plunged by 560.

In Canada, the number of rigs declined by 2 to 21. Oil rigs were up by 1 to 8, while gas rigs declined by 3 to 13. The number of oil rigs in Canada fell by 30 compared to the same time a year ago.

Breaking the News / NP