U.S. Oil Rig Count Ticks Higher Amid Rebound In Oil Prices ...Middle East

The number of total active drilling rigs in the United States rose by 4 this week, after a sizable increase of 16 rigs in the week prior, according to new data from Baker Hughes published on Thursday. The total rig count increased to 693 this week—254 rigs higher than the rig count this time in 2021 and the highest count since April 2020. Drilling has picked up substantially since the Russia invasion, adding 43 rigs in the last seven weeks. The seven weeks preceding the invasion, however, saw 62 rigs added. Oil rigs in the United States rose…

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