US Rig Count Holds at 588 as Crude Prices Surge
Baker Hughes reported the total U.S. rig count held steady at 588, with oil rigs rising by two to 449 while gas rigs fell by two. Permian Basin rigs added one to 268. Meanwhile, WTI crude closed shar…
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WTI Crude Oil Prices Plunge Despite Permian Rig Count Increase
Despite a slight increase in the Permian Basin rig count, WTI crude oil prices fell sharply this week by nearly $6.50 per barrel due to broader market pressures.