US oil rig count up for week ending July 31

- Number of US oil rigs up by 41 compared to one year ago

The oil rig count in the US increased by 1 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, increased by 1 to 451 for the week ending July 31.

The number of US oil rigs increased by 41 compared to one year ago.

The price of international benchmark Brent crude futures stood at $87.93 per barrel at Friday's close, while American benchmark West Texas Intermediate (WTI) was at $83.59 a barrel.

By Humeyra Ayaz

Anadolu Agency

energy@aa.com.tr