Baker Hughes weekly data shows oil rigs at 462, up 2 from last week. Total rigs unchanged at 603. Minimal supply signal.
Sentimentneutral 50
Neutral · 50 of 100
Impact20
low · stays off the top drivers
Confidence95%
high confidence · 4 wires
Eventdeveloping
v4 · alerted to followers
WHAT WE KNOW
Oil rig count: 462 (up 2 from prior week)
Total rig count: 603 (unchanged)
Data source: Baker Hughes
Baker Hughes released its weekly US oil and gas rig count. The oil rig count increased by 2 to 462, while the total rig count remained flat at 603. No forecast was available for comparison.
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