U.S. Total Oil Rig Count for September 2025 Released: Market Expectations Support Crude Prices

Baker Hughes, a leading oilfield services provider, reported the total number of U.S. oil rigs for the week ending October 3, 2025, on September 27. The actual figure was 424 rigs; no consensus forecast was available, and the previous reading was also 424.Data Definition: This indicator measures the weekly change in the number of oil drilling rigs across North America. Fluctuations in rig counts can influence market perceptions of global crude supply: an increase may trigger concerns about oversupply, potentially putting downward pressure on oil prices, while a decrease could support price gains.This data carries an importance rating of 3. Baker Hughes compiles statistics on oil drilling activity in the United States and Canada every week. The release is scheduled for every Saturday, with the next update set for October 11, 2025.

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