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10/15, 7:02 PM (Source: TeleTrader)
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US oil rig count rises by 12 to 445 - Baker Hughes

Baker Hughes weekly rig count data revealed on Friday that the number of oil rigs in the United States in the week ending October 15 came in at 445, 12 higher than the week before. Compared to the same period a year earlier, the number of oil rigs increased by 240.

The number of US gas rigs dropped by one to 98 during the same week to bring the overall number of rigs operating in the country to 543.

In Canada, the rig count was up by one to 168. The number of oil rigs rose by three compared to the previous week, with the tally now standing at 98. The total amount of Canadian rigs grew by 88 over the year.

Breaking the News / IB