Total number of oil rigs in the U.S. for the week ending May 2

Famous oil service company Baker Hughes announced the Total number of oil rigs in the U.S. for the week ending May 2 on 2025-05-02. with the prior figure recorded as 483Mouth.

Regarding the Total number of oil rigs in the U.S. for the week ending May 2, Data < expected, which is generally positive for oil prices and usually favorable for the US dollar, The changes in the number of oil drilling rigs in various regions of North America were measured weekly. The fluctuation in the number of oil drilling rigs affects the market's response to the global supply of crude oil. If the number of drilling rigs increases, it raises concerns about an oversupply in the market, leading to a drop in oil prices; conversely, if the number decreases, oil prices are likely to rise.

This data holds an importance level of , calculated using Weekly statistics on oil drilling activities in the United States and Canada are conducted by Baker Hughes, and updates Announced every Saturday. The next release is set for 2025-05-10 01:00:00.

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