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Sunday 15 November

Energy13 Nov, 22:30 UTCUnited States

US oil rig count holds at 463 as crude output hits a record

The number of active US oil rigs stayed at 463 in the latest weekly count, while the total rig count rose to 601. Crude output is a key driver of fuel prices, so the figures matter for drivers and households.

Illustration: A lone pumpjack silhouetted on a dry plain at dawn, with its long arm tipped toward the ground. — Illustration

Baker Hughes, a firm that monitors drilling activity, released its latest numbers on Friday. This week the count of working rigs in the United States, covering both oil and gas, dropped to 601. Even so, that figure stands 52 above the level of a year ago.

The oil rig count was unchanged in the latest period. It is 46 rigs above its level a year ago. Gas rigs fell by 4, and the miscellaneous category rose by 1 to 11.

WTI crude$88.56down −6.87%over 1 month

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Where: United States
Published: 13 Nov, 22:30 UTC
Section: Energy
Markets: WTI crude

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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