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11/9, 7:04 PM (Source: TeleTrader.com)
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US oil rig count up 12 by to 886 - Baker Hughes

The number of oil rigs in the United States increased by 12 to 886 in the week ending November 9 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 2 to 195 during the same week, bringing the total number of rigs in the country to 1,081. The rig count is currently up by 174 compared to last year.

In Canada, the total rig count was down by 2, with the number of oil rigs decreasing by 4 to 117 and gas rigs rising by 2 to 79. Compared to the previous year, the number of oil rigs in Canada is up by 9.

Breaking the News / JC