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12/7, 7:03 PM (Source: TeleTrader.com)
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US oil rig count falls by 10 to 877 - Baker Hughes

The number of oil rigs in the United States decreased by 10 to 877 in the week ending December 7 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

The number of gas rigs in the US rose by 9 to 198 during the same week, bringing the total number of rigs in the country to 1,075. On an annual basis, the number of US oil rigs rose by 144.

In Canada, the total rig count was down by 13 to 186, with the number of oil rigs falling by 17 to 102 and gas rigs rose by 4 to 84. Compared to the previous year, the number of oil rigs in Canada decreased by 33.

Breaking the News / JC