What the news says
The increase in oil rigs reflects expanding oil and gas drilling activity in the U.S. This is directly related to global crude oil supply and Brent price dynamics, affecting oil, gas and energy companies. This year-on-year increase shows the trend in oil and gas drilling activity.
07/21, 10:18 PM
President Trump said he would handle a possible Red Sea blockade if it occurs.
President Trump said he would handle a possible Red Sea blockade if it occurs.
Affected assets
jin10
07/21, 10:18 PM
Related updates
oilprice · 07/18, 12:27 AM
High impactUS oil drilling rig count rose by 7 to 452, with total rigs up to 588, as Brent gained 4%.
FirstSquawk · 07/18, 12:02 AM
Market reactionBaker Hughes reported the US oil rig count rose by 7 to 452, the gas rig count was unchanged at 126, and the total rig count was 588.
oilprice · 07/17, 11:30 PM
High impactCarlyle's Jeff Currie stated the illusion of oil abundance is gone, warning the market has shifted to a structural shortage with crack spreads at a record $70 a barrel.
finnhub-market · 07/15, 04:21 PM
Market reactionChina refineries are reducing fuel oil purchases in favor of cheaper crude oil, according to Reuters sources.
investing-commodities · 07/09, 01:40 PM
Market reactionGoldman Sachs highlights a key constraint on oil supply recovery as U.S.-Iran tensions escalate.
jin10-flash · 06/18, 03:52 PM
Market reactionEIA data shows US crude oil inventory drawdowns of 96.25 million barrels since Iran conflict, total inventory at 40-year low, while IEA warns of 2027 surplus.