U.S. Rig Count Slips as Oil Climbs and Natural Gas Retreats

U.S. drilling activity continued to ease even as energy prices rise, with Baker Hughes reporting a total rig count of 545, down by 38 from a year earlier. Oil-directed rigs were unchanged at 411, while gas rigs slipped by three to 127, a shift that could tighten future supply and influence pricing dynamics for Oil – US Crude and Natural Gas.

Over the past month, US crude futures have advanced about 18.3%, reflecting stronger pricing despite the slower rig deployment, while their 1-day technical stance is rated Hold. Natural gas prices have fallen roughly 13.3% in the same period, aligning with a 1-day technical signal of Sell, underscoring still-bearish sentiment despite lower gas rig counts. Investors can explore more updates, prices, and analysis across global markets at Commodities.