Steady rig count amid surging oil prices signals supply discipline supporting crude.
Context
What happened: The U.S. total rig count stayed at 603 for a second straight week, with oil rigs up 1 to 460 and gas rigs down 1 to 132, per Baker Hughes data published Friday.
Key numbers: Total rigs 603, up 53 year over year. Oil rigs 460, gas rigs 132, miscellaneous 11. Permian 272, Eagle Ford 51. Crude production 13.269 million bpd, down from 13.679 million bpd. Frac spread count 199, down 4.
Why it matters: Oil prices rose ahead of the data release, with Brent up $11 per barrel from a week earlier, while weekly crude production and the frac spread count both declined.
Market: +4.2% today ($55.86), +19.3% YTD, 0.7x vol — as of 23:45 UTC
What changed
The U.S. total rig count stayed at 603 for a second straight week, with oil rigs up 1 to 460 and gas rigs down 1 to 132, per Baker Hughes data published Friday.
Why it matters
Oil prices rose ahead of the data release, with Brent up $11 per barrel from a week earlier, while weekly crude production and the frac spread count both declined.
Market: +4.2% today ($55.86), +19.3% YTD, 0.7x vol — as of 23:45 UTC
← Dashboard
Oct 27, 2026 05:29 AM ET