U.S. Oil Rig Count Jumps As Crude Prices Near 3-Year High

The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260 from this time last year, but lagging behind the 790 active rigs in March 2020. The U.S. oil rig count rose this week to 421—a 10-rig increase. The number of gas rigs fell by 1. Miscellaneous rigs held at zero. The EIA’s estimate for oil production in the United States for the week ending September 17 rose 500,000 bpd to an average of 10.6 million barrels per day as Gulf of Mexico oil producers…