Energy and oilUpdated November 6

U.S. rig count reaches a 2.5-year high.

In the first week of November, the number of active rigs in the U.S. reached 604 after adding just one, according to Baker Hughes. That small weekly move put the total at its highest level in 2.5 years. Oil rigs made up 463 of the total, also up one from the week before. That’s the highest oil-rig count since May 2025, when it stood at 465—close to that earlier level, but not quite back there.

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Coverage started November 6