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.