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 BlendsUnitsOil Price $change
Crude Oil (WTI)USD/bbl$104.80Up
Crude Oil (Brent)USD/bbl$107.30Up
Bonny LightUSD/bbl$118.10
Saharan BlendUSD/bbl$117.77
Natural GasUSD/MMBtu$6.03Up
OPEC basket 05/07/22USD/bbl$114.30
At press time 10 July 2022

Oil, Gas, Energy News Release Service

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.

RegionPeriodRig CountChange from Prior
U.S.A08 July 2022752+2
Canada08 July 2022175+9
InternationalJune 2022824+7
Baker Hughes