U.S. Oil Rig Count Jumps At Crude Holds At $120 ...Middle East

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U.S. Oil Rig Count Jumps At Crude Holds At $120
source : OILPRICE ( Middle East ) () 9
The number of total active drilling rigs in the United States rose by 6 this week, after drilling increases stalled out in the week prior, according to new data from Baker Hughes published on Friday. The total rig count rose to 733 this week—272 rigs higher than the rig count this time in 2021, but insufficient to ease market fears in the current tight oil market. Oil rigs in the United States rose by 6 this week to 580. Gas rigs stayed the same, at 151. Miscellaneous rigs also stayed the same at 2. The rig count in the Permian Basin rose…

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