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US Oil Drilling Activity Slows as Oil Prices Jump
Market Intelligence Analysis
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Why This Matters
US oil drilling activity has slowed down as oil prices have increased, with the total number of active rigs decreasing by 43 from last year to 550, and oil rigs specifically down 79 to 407.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 550 this week, down 43 from this same time last year. The number of active oil rigs fell to 407 during the latest reporting period, according to the data. This is 79 below this same time last year. The number of gas gained one, reaching 134, which is 32 more than this time last year. The miscellaneous rig count stayed the same at 9. The latest EIA data…
Original article published by
OilPrice.com
on February 27, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.