Baker Hughes US oil rig count 516 vs 497 priorThere was a big jump in US oil drilling rigs today as US shale drillers respond to higher prices. That kind of move will give OPEC pause in regards to adding more oil.Gas rigs were up 2 to 118.There was a huge inventory of drilled but uncompleted wells in the US that has been drawn down in the past
Source: Baker Hughes US oil rig count 516 vs 497 prior (https://www.forexlive.com/news/baker-hughes-us-oil-rig-count-516-vs-497-prior-20220211/)
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