The oil rig count in US has declined for fourteenth consecutive week, according to the latest data released by oilfield services company Baker Hughes on Saturday.
The number of oil rigs, an indicator of short-term production in the country, fell by 10 to reach 189 for the week ending June 19, from 199 the previous week.
In the past fourteen weeks, the decline in US oil rig count totaled 494, according to the data.
At Friday's close, price of international benchmark Brent crude stood at $42.19 per barrel, while American benchmark West Texas Intermediate (WTI) was at $38.84 a barrel.
By Murat Temizer