US adds new oil drilling rigs

Active drilling rigs in the US rose by 4 to 756, the highest since March 2020 and 56% more than a year ago, according to the latest weekly survey from Baker Hughes.

Drilling rigs targeting crude oil gained 2 to 599, also the most since 2020, and gas rigs were unchanged at 153, while 4 rigs were classified as miscellaneous.