629 U.S. drilling rigs increased by 7 this week, with 510 oil rigs at a September 2023 high, according to Baker Hughes data.

U.S. drilling rigs increased to 629 this week, up by 7 from the previous week but down by 125 from this time last year, according to Baker Hughes data. The rise includes 510 oil rigs, up by 6 from the previous week; 116 gas drilling rigs, up by one; and three miscellaneous rigs, the same as last week. The increase is amidst rising crude prices, with the number of U.S. rigs drilling for oil reaching 510, its highest count since September 2023.