Total number of oil rigs in the U.S. for the week ending August 1

Famous oil service company Baker Hughes announced the Total number of oil rigs in the U.S. for the week ending August 1 on 2025-08-01.

Regarding the Total number of oil rigs in the U.S. for the week ending August 1, Data < expectations are favorable for oil prices, which usually benefits the US dollar, The weekly changes in the number of oil drilling rigs in various regions of North America have been measured. Changes in the number of oil drilling rigs affect the market's reaction to the global crude oil supply situation. If the number of oil drilling rigs increases, it will raise concerns in the market about an oversupply, leading to a decrease in oil prices; conversely, oil prices will rise.

This data holds an importance level of , calculated using Statistics on oil drilling activities in the United States and Canada are compiled weekly by Baker Hughes, and updates Announced every Saturday.

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