by VT Markets
Aug 29, 2026
Baker Hughes reported that the US oil rig count fell to 447, down from 452 in the prior reading. The latest tally implies five fewer rigs operating over the period covered by the report.
The rig count is monitored as a proxy for upstream drilling activity in the US oil patch.
The Baker Hughes series is often used to gauge near-term changes in exploration and production momentum.
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