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US Oil Production and Drilling Indicators
Copyright © 2025
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All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Published:
Fri, May 2, 2025
Editor
Chris Raine
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Topics:
Crude Oil,
Oil Supply,
Shale,
Rig Count
Wanda Ad #2 (article footer)
ENERGY INTELLIGENCE NEWS
>
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US Rig Count Retreats as WTI Slide Threatens Breakevens
The US rig count fell by three in the opening days of May, according to Baker Hughes, as US oil price benchmark WTI dipped back below $60/bbl.
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Despite crude futures rising by more than $1 on Thursday, dated Brent touched a four-year low, muddying the picture for the physical market.
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