US oil and gas rig count rises to highest since June, says Baker Hughes
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U.S. energy firms have increased the number of oil and natural gas rigs for the fourth consecutive week, reaching the highest level since June, according to Baker Hughes.
February 21, 2025 | 6:30 pm
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Baker Hughes reports a rise in U.S. oil and gas rig counts to the highest level since June, indicating increased demand for its energy services.
The increase in rig counts suggests higher demand for Baker Hughes' services, which could positively impact its revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100