US oil rig count up by 10 to 752

Economy 1/12/2018, 7:02 PM
US oil rig count up by 10 to 752

The number of oil rigs in the United States increased by 10 go 752 in the week ending January 12 compared to the previous week, according to Baker Hughes weekly rig count published on Friday.

The number of gas rigs was up by 5 to 187, bringing the total number of US rigs to 939. On an annual basis, the oil rig count grew by 230.

Meanwhile, the Canadian rig count increased by 102 to 276 from last week with oil rigs up by 87 to 185 and the number of gas rigs rising by 15 to 91. Compared to the previous year, the oil rig count increased by 15.

Crude traded higher before the announcement.

TeleTrader Newsroom / NP

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