The oil driller Baker Hughes reported that the number of active U.S. rigs declined by 3 rigs to 628 last week, the lowest weekly level since August 06, 2010. It was the 29th consecutive weekly fall.

Combined oil and gas rigs increased by 2 to 859.

Oil production in the U.S. continues to rise despite the decline in oil rigs.

The U.S. Energy Information Administration forecasts that U.S. crude-oil production would begin to fall from June until February 2016.