According to weekly data released by oilfield services company Baker Hughes, the number of oil rigs in the country decreased by 3 from the previous week to 496 during the week of May 4-10.
The number of oil rigs in the US has fallen by 90 over the last year.
The price of a barrel of Brent crude, which closed Thursday at $84.15, finished Friday at the $82.72 level.
The price of a barrel of West Texas Intermediate (WTI) crude closed Friday at $78.20. A barrel of WTI crude had finished Thursday at the $79.26 level.
News Source: 12punto
