7/10, 7:03 PM (Source: TeleTrader)
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US oil rig count down by 4 to 181 - Baker Hughes

The number of oil rigs in the United States decreased by 4 to 181 in the week ending July 10 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs fell by 1 to 75 during the same week to bring the total number of rigs in the country to 258 with two miscellaneous rigs. Compared to the same period a year earlier, the number of oil rigs plunged by 700.

In Canada, the number of rigs increased by 8 to 26. The number of oil rigs was unchanged at 8, while the number of gas rigs rose by 8 to 20. The number of oil rigs in Canada declined by 91 compared to the same time a year ago.

Breaking the News / JC