Advertisement
Canada markets close in 5 hours 51 minutes

  • S&P/TSX

    21,673.32
    -200.40 (-0.92%)
     

  • S&P 500

    4,997.50
    -74.13 (-1.46%)
     

  • DOW

    37,781.51
    -679.41 (-1.77%)
     

  • CAD/USD

    0.7287
    -0.0010 (-0.14%)
     

  • CRUDE OIL

    82.39
    -0.42 (-0.51%)
     

  • Bitcoin CAD

    87,161.53
    -3,639.90 (-4.01%)
     

  • CMC Crypto 200

    1,371.65
    -10.92 (-0.79%)
     

  • GOLD FUTURES

    2,332.00
    -6.40 (-0.27%)
     

  • RUSSELL 2000

    1,961.06
    -34.36 (-1.72%)
     

  • 10-Yr Bond

    4.7270
    +0.0750 (+1.61%)
     

  • NASDAQ

    15,427.60
    -285.15 (-1.81%)
     

  • VOLATILITY

    17.30
    +1.33 (+8.33%)
     

  • FTSE

    8,043.76
    +3.38 (+0.04%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Oil rig count falls for the first time in 7 weeks

Akin Oyedele

The US oil rig count fell by 13 to 662 this week, according to driller Baker Hughes.

It was the biggest decline in the rig count in three months.

The tally of oil rigs climbed by one last week, rising for the sixth straight period. It was also an increase for the eighth out of nine weeks.

The total count of oil and gas rigs fell by 13 to 864.

Oil prices have been volatile of late, tumbling below $40 per barrel two weeks ago, and then rebounding from that level in a strong three-day gain. After the release on Friday, West Texas Intermediate crude oil gained some ground and rallied, after being down 1%, to about $46.67 per barrel.

ADVERTISEMENT

Here's the latest chart of the oil rig count:

oil rigs 9 4 15 correct
oil rigs 9 4 15 correct

(Andy Kiersz/Business Insider)

NOW WATCH: The August jobs report could be a game changer for the US economy



More From Business Insider