The oil rig count in US has declined for seventh consecutive week, according to the latest data released Friday by oilfield services company Baker Hughes.
The number of oil rigs, an indicator of short-term production in the country, fell by 53 to reach 325 for the week ending May 1, from 378 the previous week.
With the latest result, the number of oil rigs in the country has also hit its lowest level since June 2016, according to data.
In the past seven weeks, the decline in oil rig count in the US totaled 358, the data showed.
At Friday's close, price of international benchmark Brent crude stood at $26.61 per barrel, while American benchmark West Texas Intermediate (WTI) was at $19.70 a barrel.
By Firdevs Yuksel