CommoditiesUpdated×2•Originally published 12 June 2026•Updated 12 June 2026•
1 min read
US Rig Count Edges Higher as Oil Drilling Gains for Second Week
Key Facts
1U.S. energy firms reduced the number of operating oil and gas rigs for the first time in eight weeks, according to Baker Hughes.
Reflecting steadying drilling activity despite market volatility, the total number of active U.S. drilling rigs rose by 1 to 563 this week. According to Baker Hughes data, this growth was driven by the oil sector, which added 2 rigs for its second consecutive weekly gain to reach 433, while gas rigs fell by 3 to 121.
This marginal increase in oil drilling coincides with a significant tightening in U.S. supply, as API data reported a crude inventory draw of -9.119 million barrels on June 9, 2026.
Looking forward, the continued expansion of oil rigs and upcoming OPEC policy meetings will serve as critical catalysts for energy price discovery in the coming sessions.