The number of oil rigs in the United States stood at 483 in the week ending April 25, increasing by two from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 23 on an annual basis.

The US gas rig count was up by one to 99 in the reported week, while dropping by 6 compared to the same period last year. The total number of rigs in the country currently stands at 587, climbing up by two from last week and slipping by 26 from the previous year.

In Canada, the total number of rigs dipped by six to 128 on a weekly basis. The number of oil rigs in the country declined by six to 81, while the number of gas rigs was unchanged compared to the week prior, standing at 47.