Weekly drilling rig data

  • Highest since Oct 2015
  • Prior oil rigs were 597
  • Natural gas rigs 151 vs 153 prior
  • Prior natural gas rigs were 153

In the weekly data from the DOE, production hit 9 million barrels for the first time since 2015 as rising prices continue to attract more drilling.

WTI crude is trading down 40-cents to $54.05 today.