The number of oil rigs in the U.S. decreased by 3 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 3 to reach 671 for the week ending Nov. 22, from 674 in the previous week when it fell by 10.
This marked the fifth 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 214 less than the same period a year ago when it was 885, marking a 24.18% decline in oil rig count year-over-year.
Crude prices were down on Friday despite the decline in the rig count.
International benchmark Brent crude closed Friday at $63.63 per barrel with a 0.53% decrease.
American benchmark West Texas Intermediate ended the session at $57.95 a barrel with a 1.07% daily loss.
By Ebru Sengul