U.S. Total Oil Rig Count for the Week Ending October 3, 2025: Market Reaction Expected to Impact Crude Prices

Baker Hughes, a leading oilfield services provider, released the U.S. total oil rig count for the week ending October 3, 2025, on September 27, 2025. The reported figure was 424 rigs; no forecast was provided, with the previous value also at 424.Definition: This indicator measures weekly changes in the number of oil drilling rigs across North America. Fluctuations in rig counts influence market sentiment regarding global crude oil supply—an increase in rig numbers raises concerns about potential oversupply and may lead to a decline in oil prices, while a decrease tends to support higher prices.This data is considered to have a medium level of market importance (rated 3). Baker Hughes compiles statistics on oil drilling activity in the U.S. and Canada on a weekly basis. The report is published every Saturday, with the next release scheduled for October 11, 2025.

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