The number of oil rigs in the U.S. decreased by five this week, according to data released by oilfield services company Baker Hughes on Friday.
Number of oil rigs, which indicates short-term production for near future, decreased by five to reach 691 for the week ending Nov.1, from 696 in the previous week when it fell by 17.
This marked the second consecutive week that the number of oil rigs in the U.S. showed a decline.
With the latest result, the number of oil rigs in the country stood at 183 less than the same period a year ago when it was 874, marking a 20.9% decline in oil rig count year-over-year.
Crude prices were up on Friday ahead of the oil rig count data, and they later extended their gains with the decline in the rig count.
International benchmark Brent crude closed Friday at $61.63 per barrel with a 2.32% increase.
American benchmark West Texas Intermediate ended the session at $56.17 a barrel with a 3.67% daily gain.
By Ovunc Kutlu