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US Drillers Add Oil Rigs As Analysts Warn of Incoming Glut
Market Intelligence Analysis
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Why This Matters
US oil rig count rose by 1, while the overall rig count decreased by 1, raising concerns of an incoming oil glut as drillers continue to add rigs, down 41 from last year.
Market Impact
Market impact analysis based on bearish sentiment with 76% confidence.
Sentiment
Bearish
AI Confidence
76%
Article Context
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The total number of active drilling rigs for oil and gas in the United States fell by 1 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 548 this week, according to Baker Hughes, down 41 from this same time last year. The number of active oil rigs rose by 1 in the reporting period, according to the data, after US drillers added 6 rigs in the week prior. Oil rigs are now at 414, which is 68 below this same time last year. The number of gas rigs fell by 2 to 127, which is 24 more…
Original article published by
OilPrice.com
on December 12, 2025.
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Analysis and insights provided by AnalystMarkets AI.