U.S. Rig Count Rises for Third Week as Oil and Gas Prices Advance

U.S. drillers increased activity for a third consecutive week, with Baker Hughes reporting a five-rig rise in the combined oil and gas count to 551, marking the first such streak since November. The uptick in rigs signals expectations for higher future output and comes against a backdrop of recently stronger prices in both Oil – US Crude and Natural Gas, suggesting producers are responding to improved economics and firmer demand projections.

Over the past month, Oil – US Crude has climbed about 13.1%, while Natural Gas has advanced roughly 21.3%, reflecting tighter perceived supply-demand balances and seasonal factors in gas markets. On a short-term basis, Oil – US Crude shows a 1-day technical signal of Strong Buy, pointing to sustained positive momentum, while Natural Gas carries a 1-day technical indication of Buy, highlighting ongoing bullish sentiment despite heightened volatility typical for the contract. Investors can explore more updates, prices, and analysis across global markets at Commodities.