Baker Hughes Rig Count Rises 7 to 558 This Week

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Published: 2 hours ago

Baker Hughes reported total rig count increased by 7 to 558 this week, with oil rigs up 10 to 425 and natural gas rigs down 3 to 125. Crude oil trades near unchanged at $96.35, remaining below key moving averages at $100.74. This energy sector data primarily affects USD and CAD through oil price dynamics. The modest rig increase suggests stable drilling activity but limited immediate impact on crude prices, which remain technically bearish below resistance levels.

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