Number of Oil Rigs in the US Shows an Increase

Serdar HocamAuthor & Editor

According to weekly data released by Baker Hughes, an increase was recorded in the country's oil rig count.

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According to data released by oilfield services company Baker Hughes, the number of oil rigs in the US increased by 3 units compared to the previous week during the period of September 19-25, rising to the level of 455.

Baker Hughes Weekly Data

Weekly data published by oilfield services company Baker Hughes was presented to the markets. Figures regarding energy activities across the country became clear with this report.

Change in Rig Count

The number of oil rigs operating across the US recorded an increase of 3 units in the week of September 19-25 compared to the previous week. With this increase, the total rig count reached the level of 455.

Annual Developments

The change in the number of oil rigs operating in the country over the past year was also examined. According to calculations, the number of oil rigs in the US has increased by a total of 31 units over the past year.

Status of Oil Prices

On Friday in the markets, the barrel price of Brent crude completed the trading day at $104.32, while the barrel price of West Texas Intermediate crude closed the session at the level of $92.44.