- The number of total active drilling rigs in the United States dropped by 5 this week.
- The total rig count fell to 760 this week—263 rigs higher than the rig count this time in 2021.
- ET, the WTI benchmark was trading up 1.44% on the day, struggling to pare losses from recession-related demand fears and a new wave of COVID lockdowns in China.
U.S. Rig Count Slips Amid Retreat In Crude Prices
