Signal · Commodities & Input Costs
US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
What the source reported
Source-reportedThe total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588, up 48 from this same time last year. The number of active oil rigs rose by 1, reaching 451 during the latest reporting period, according to the data. This is 41 above this same time last year. The number of gas rigs stayed the same at 127, which is 3 more than this time last year. Miscellaneous rigs stayed at 10. The latest EIA data showed that weekly…
- Publication
- Oilprice.com · Trade Publication
- Published
- 31st July 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 31st July 2026 · 20:00
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Low (18.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity