The oil rig count in the US declined 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, fell by 4 to 172 for the week ending Aug. 15, from 176 the previous week.
The oil rig count increased three weeks ago, after it declined for 18 consecutive weeks.
At Friday's close, price of international benchmark Brent crude stood at $44.95 per barrel, while American benchmark West Texas Intermediate (WTI) was at $42.36 a barrel.
By Murat Temizer