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Oil Rig Count Incher Higher Amid Oil Price Rally
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Why This Matters
The US oil rig count increased to 550 this week, with oil rigs rising by 2 to 420, while gas rigs remained steady at 121, indicating a moderate increase in drilling activity.
Market Impact
Market impact analysis based on bullish sentiment with 75% confidence.
Sentiment
Bullish
AI Confidence
75%
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. The total rig count in the US rose this week to 550, according to Baker Hughes, down 35 from this same time last year. The number of active oil rose by 2 in the reporting period, according to the data, reaching 420. Year over year, this represents a 60-rig decline. The number of gas rigs stayed the same at 121, which is 20 over this time last year. The miscellaneous rig count stayed the same…
Original article published by
OilPrice.com
on October 24, 2025.
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Analysis and insights provided by AnalystMarkets AI.