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US Oil Rig Count Stages A Comeback After Last Week’s Losses
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Why This Matters
The US oil rig count has rebounded after last week's decline, with a 5-unit increase to 549, driven by a 6-unit rise in oil rigs to 413, although still 69 units below last year's level.
Market Impact
Market impact analysis based on bullish sentiment with 86% confidence.
Sentiment
Bullish
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86%
Article Context
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The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after last week’s sharp decline. The total rig count in the US rose by 5 to 549 this week, according to Baker Hughes, down 40 from this same time last year. The number of active oil rigs rose by 6 in the reporting period, according to the data, after falling by 12 rigs in the week prior. Oil rigs are now at 413, which is 69 below this same time last year. The number of gas rigs fell by…
Original article published by
OilPrice.com
on December 5, 2025.
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