US oil rig count remains unchanged

The total number of rigs drilling for crude oil and natural gas in the US remained unchanged at 589 units last week, according to Baker Hughes.

The number of oil rigs rose by one to 483, while gas rigs fell by one to 102.

There were also four miscellaneous rigs in operation, the same as the previous week.

The total number of US oil and gas rigs was down by 31, or 5% from a year earlier.

By Aparupa Mazumder

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