Commodities Buzz: US oil rig count declines to 598, says Baker Hughes

The total number of active drilling rigs for oil and gas in the United States fell in the week ended Oct 2, according to new data that Baker Hughes, with the total rig count in the US falling to 598, up 49 from this same time last year. The number of active oil rigs rose by 1, reaching 456 during the latest reporting period, according to the data. This is 34 above this same time last year. The number of gas rigs fell by 2 to 133, which is 15 more than this time last year. Miscellaneous rigs stayed the same at 9.

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