U.S. drilling activity increased this week as operators responded to stronger crude benchmarks, with Baker Hughes data showing the total rig count rising to 551 while remaining below year-ago levels. Oil-focused rigs climbed by four to 411, highlighting a more constructive outlook for Oil – US Crude, while gas rigs slipped to 132, underscoring ongoing pressure on Natural Gas.
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Over the past month, Buy-rated WTI futures have advanced about 26.10%, reflecting tightening supply expectations and improved risk sentiment. In contrast, natural gas prices have fallen roughly 28.81% in the same period, with a prevailing Strong Sell signal pointing to bearish technical momentum and lingering oversupply concerns. Investors can explore more updates, prices, and analysis across global markets at Commodities.