Baker Hughes US oil rig count 421 vs 411 prior

Author: Adam Button | Category: News

Drilling picks up

  • Total rigs to 521 vs 512
  • Natural gas rigs -1
The lack of gas drilling is concerning given where prices are but oil drilling is picking up. Some of that is a return to work after Ida-related shutdowns in the gulf. I wrote about this chart earlier:
rig count
Brent just ticked above $78 for the first time since 2008 and WTI is flirting with $74.

Brent monthly:
Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose