US oil rig count falls tenth week in a row

- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data

The oil rig count in US has declined for tenth consecutive week, according to the latest data released by oilfield services company Baker Hughes on Friday.

The number of oil rigs, an indicator of short-term production in the country, fell by 21 to reach 237 for the week ending May 22, from 258 the previous week.

In the past ten weeks, the decline in US oil rig count totaled 446, according to the data.

At Friday's close, price of international benchmark Brent crude stood at $35.13 per barrel, while American benchmark West Texas Intermediate (WTI) was at $33.25 a barrel.

By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr