7/13/2018, 7:03 PM (Source: TeleTrader)
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US oil rig count unchanged at 863 - Baker Hughes

The number of oil rigs in the United States remained unchanged at 863 in the week ending July 13 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of gas rigs in the US rose by 2 to 189 during the same week, bringing the total number of rigs in the country to 1,054. On an annual basis, the oil rig count rose by 98.

In Canada, the rig count was up by 15, with oil rigs rising by 13 to 139 and gas rigs increasing by 2 to 58. Compared to the previous year, the number of oil rigs in Canada grew by 33.

Oil traded with gains before the announcement.

Breaking the News / NP