US oil rig count up by 13 for week ending May 20

- Number of US oil rigs rises by 220 compared to one year ago

The oil rig count in the US increased this 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, rose by 13 to 576 for the week ending May 20 from 563 the previous week.

The number of US oil rigs rose by 220 compared to one year ago.

At Friday's trading close, the price of international benchmark Brent crude stood at $112.66 per barrel, while American benchmark West Texas Intermediate (WTI) was at $110.28 a barrel.

By Nuran Erkul Kaya

Anadolu Agency

energy@aa.com.tr