The US oil rig count fell by 13 to 662 this week, according to driller Baker Hughes.
It was the biggest decline in the rig count in three months.
The tally of oil rigs climbed by one last week, rising for the sixth straight period. It was also an increase for the eighth out of nine weeks.
The total count of oil and gas rigs fell by 13 to 864.
Oil prices have been volatile of late, tumbling below $ 40 per barrel two weeks ago, and then rebounding from that level in a strong three-day gain. After the release on Friday, West Texas Intermediate crude oil gained some ground and rallied, after being down 1%, to about $ 46.67 per barrel.
Here’s the latest chart of the oil rig count:
(Andy Kiersz/Business Insider)
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