Total U.S. Rig Count for the Week Ending October 3: Bullish for Crude Oil Prices

Baker Hughes, a leading oilfield services provider, released the total U.S. rig count for the week ending October 3, 2025, on September 27, 2025. The reported figure was 549 rigs, with no forecast provided; the previous reading was also 549 rigs.Data Definition: This metric tracks weekly changes in the number of oil, natural gas, and mixed drilling rigs across various regions in North America.Market Impact: The data is generally viewed as bullish for crude oil prices and supportive for the U.S. dollar.Data Importance: Rated at level 2. Baker Hughes compiles this statistic weekly by surveying oil drilling activity in the United States and Canada. Release Frequency: Weekly. The next publication is scheduled for October 11, 2025.

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