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Commodities Buzz: US Rig Count Continues To Rise

7 Feb 2022 , 12:50 PM

The US energy firms this week added oil and natural gas rigs for a fifth week in a row. The number of active drilling rigs in the country rose by 3 to 613, according to data from Baker Hughes. The total active rig count is 221 rigs higher than the rig count this time in 2021. The US oil-directed rigs rose 2 to 497, while gas-directed rigs were up by 1 to 116. The Canadian rig count also edged up by 1 to 218, up from 171 a year ago.

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