United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 584 to 578

A report on this calendar event is released weekly by the Baker Hughes.

The total rig count is one of the important indicators in the oil production sector.

Active drilling platforms in the US reflect the current potential of the hydrocarbon production sector.

The number of active rigs may indicate the expected volume of oil supply and future demand for petroleum products.

Comments by the MarketCheese analysts: a decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.