US Baker Hughes Total Rig Count Rises by 5 to 603

Total active drilling rigs in the United States increased by 5 to 603, led by gains in oil exploration. Weekly Baker Hughes data showed active oil rigs climbed by 6 to 462, while natural gas rigs fell by 1 to 132 and miscellaneous units held steady at 9. Regionally, the Permian Basin led the expansion, adding 4 rigs to reach 274. Following the data release, WTI crude oil declined $0.29, or 0.33%, to trade at $91.20 per barrel amid steady output expectations.