US oil rig count down by 5 for week ending May 9

- Number of US oil rigs fall by 22 compared to one year ago

The oil rig count in the US decreased by 5 this week, oilfield services company Baker Hughes data showed Friday.

The number of oil rigs, an indicator of short-term production in the country, fell to 474 for the week ending May 9.

The number of US oil rigs dropped by 22 compared to one year ago.

The price of international benchmark Brent crude stood at $63.91 per barrel at Friday's trading close, while American benchmark West Texas Intermediate (WTI) was at $61.02 a barrel.

By Handan Kazanci

Anadolu Agency

energy@aa.com.tr