US Rig Count Hits Two-Year High As Oil Activity Climbs
The total US rig count reached its highest level in over two years as oil drilling activity climbed.
The total US rig count has climbed to its highest level in over two years, according to data published by Quantum Commodity Intelligence. The increase reflects rising activity across domestic oil fields as drilling operations expand.
Market participants continue to monitor rig count data as an indicator of future domestic production capacity and upstream energy sector trends.
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Key facts
- Total US rig count reached its highest level in over two years
- The increase is driven by climbing oil activity
- Data reported by Quantum Commodity Intelligence
Source: news.google.com
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