Brent oil trades above $73 in week beginning August 6

- Number of oil rigs in US down by two for week ending August 3, Baker Hughes data shows

International benchmark Brent crude traded at $73.47 per barrel at 07.04 GMT on Monday while American benchmark West Texas Intermediate (WTI) saw prices of $68.75 per barrel.

Brent crude traded at $73.35 per barrel at 11.55 GMT on Friday while American benchmark WTI saw prices of $68.94 per barrel.

Following the fall in the U.S. oil rig count as per oilfield services company Baker Hughes data released Friday and with the decrease of Saudi Arabia's oil exports in July, Brent saw a limited uptick in prices.

Baker Hughes data showed a drop in the number of oil rigs in the U.S. by 2 to 859 last week.

Saudi Arabia produced 10.29 million a day last month - a daily decline of 200,000 barrels, according to oil data reports.

By Muhsin Baris Tiryakioglu

Anadolu Agency

energy@aa.com.tr