Oil Prices Bounce Back, U.S. Rig Count up by 2
The current price for a gallon of gasoline in the United States is averaging $4.721 on Friday, down from $4.752 per gallon on Thursday—a 3.1-cent drop. The weekly change is even more significant at 12.1 cents.
According to Gas Buddy’s Patrick De Haan, more than 5,800 gas stations across the country are offering gasoline at $3.99 per gallon or less. Read More
Oil Prices Bounce Back
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $104.80 | Up |
| Crude Oil (Brent) | USD/bbl | $107.30 | Up |
| Bonny Light | USD/bbl | $118.10 | — |
| Saharan Blend | USD/bbl | $117.77 | — |
| Natural Gas | USD/MMBtu | $6.03 | Up |
| OPEC basket 05/07/22 | USD/bbl | $114.30 | — |
U.S. Rig Count up 2 from last week to 752 with oil rigs up 2 to 597, gas rigs unchanged at 153 and miscellaneous rigs unchanged at 2.
The U.S. Offshore Rig Count is unchanged at 17, unchanged year-over-year.
Canada Rig Count is up 9 from last week to 175, with oil rigs up 7 to 116, gas rigs up 2 to 59.
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 08 July 2022 | 752 | +2 |
| Canada | 08 July 2022 | 175 | +9 |
| International | June 2022 | 824 | +7 |
