The oil rig count in the U.S. showed an increase this week, according to oilfield services company Baker Hughes data on Friday.
The number of oil rigs in the country rose by two for the week ending Aug. 31, the data showed.
This brought the total number of oil rigs in the U.S. to 862 this week, from 860 the week before.
After the rise in oil rig count, crude oil prices posted some losses in the global market.
International benchmark Brent crude was trading at $77.69 per barrel with a 0.4 percent decline at 2035 GMT, while American benchmark West Texas Intermediate (WTI) was at $69.90 a barrel -- a 0.5 percent loss.
The U.S. Energy Information Administration (EIA) data showed Wednesday that crude oil production in the U.S. decreased by 67,000 barrels per day (bpd) for the week ending Aug. 24 to approximately 11 million bpd, the EIA data showed.
This marked the fifth time that U.S. crude oil production decreased in the span of 33 weeks.
Crude oil production in the U.S. is expected to average 10.7 million bpd this year and 11.7 million bpd next year, according to the EIA's Short-Term Energy Outlook (STEO) report for August.
By Ovunc Kutlu in New York
Anadolu Agency
energy@aa.com.tr