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7/2, 7:09 PM (Source: TeleTrader)
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US oil rig count down by 3 to 185 - Baker Hughes

The number of oil rigs in the United States declined by 3 to 185 in the week ending July 2 compared to the previous week, according to the Baker Hughes weekly rig count released on Thursday.

Meanwhile, the number of US gas rigs grew by 1 to 76 during the same week to bring the total number of rigs in the country to 263. Compared to the same period a year earlier, the number of oil rigs plunged by 700.

In Canada, the number of rigs rose by 5 to 18. Oil rigs were up by 2 to 6, while the number of gas rigs increased by 3 to 12. The number of oil rigs in Canada declined by 74 compared to the same time a year ago.

Breaking the News / ND