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5/17, 7:02 PM (Source: TeleTrader)
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US oil rig count down by 3 to 802 - Baker Hughes

The number of oil rigs in the United States decreased by 3 to 802 in the week ending May 17 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs was rose by 2 to 185 during the same week, bringing the total number of rigs in the country to 987. On an annual basis, the number of US oil rigs decreased by 42.

In Canada, the total rig count was unchanged at 63, with both the number of oil rigs stable at 22 and gas rigs unchanged at 41. Year-on-year, the number of oil rigs in Canada was down by 16.

Breaking the News / NP