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The number of US oil rigs in operation fell again last week.
As of January 2, the number of US oil rigs in operation declined by 17 to 1,482, with the total number of oil and gas rigs falling by 29 to 1,811, according to the latest data from Baker Hughes.
In Canada, the number of rigs in operation fell by 48 to 208, with oil rigs falling by 42 and gas rigs in use falling by 6.
In Canada, there are now just 52 oil rigs in operations, down from 94 last week and 152 a year ago …. http://www.businessinsider.com