Weekly Rig Count Update

According to the latest report from Baker Hughes, the number of operational oil rigs in the United States has seen a minor decrease. In the week ending January 10, the count stood at 480, marking a reduction of two rigs from the previous week.

Annual Comparison

When compared to the same period last year, the oil rig count has experienced a significant drop, decreasing by 19 rigs. This trend highlights the ongoing adjustments within the US oil industry amidst fluctuating market conditions.

Stay tuned for further updates on this developing story.