Baker Hughes Co. reported today that the number of US oil rigs rose by 2 to 344 rigs this week.
The number of natural gas rigs rose by 7 to 103 rigs, with the total number of natural gas and oil rising by 9 to 447 rigs.
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The US dollar slumped against its peers on Friday, after the release of a disappointing monthly jobs report.
MoreGold prices rose on Friday, as the US dollar slumped against its peers after the US monthly jobs report.
MoreThe Canadian Department of Labour revealed adding more than expected jobs were lost during April, and unemployment rose.
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