Total U.S. Oil Rigs in October 2025: Bullish for Crude Prices

Baker Hughes, a leading oilfield services provider, released its U.S. oil rig count for the week ending November 7, 2025, on October 4, 2025. The actual, forecast, and prior values were not provided.Data Definition: This indicator tracks weekly changes in the number of oil drilling rigs across various regions in North America. Fluctuations in the rig count influence market perceptions of global crude supply. An increase in the number of rigs raises concerns about oversupply, leading to lower oil prices; conversely, a decrease is supportive of higher prices. Market Impact: The data is generally bullish for crude oil prices and typically positive for the U.S. dollar.This data has an importance rating of 3. Baker Hughes compiles statistics on oil drilling activities in the U.S. and Canada on a weekly basis. The release is scheduled every Saturday, with the next update due on November 15, 2025.

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