The number of oil rigs in the United States stood at 480 in the week ending April 11, decreasing by nine from the week prior, according to the Baker Hughes weekly rig count released on Friday. On an annual basis, the number of oil rigs fell by 26.
The US gas rig count increased by one to 97 during the same week, while it dropped by 12 compared to last year. The total number of rigs in the country currently stands at 583, decreasing by seven from last week and dropping by 34 from the previous year.
In Canada, the number of rigs dropped by 15 to 138 on a weekly basis. The number of oil rigs in Canada declined by eight to land at 91, and the number of gas rigs went down by seven compared to the week before to reach 47.
