Baker Hughes data shows total rigs rising to 593, with natural gas rigs up 4 and oil rigs up 1 from last week.
The US active rig count increased by 5 this week to 593, driven by a 4-rig gain in natural gas and a 1-rig rise in oil. Oil rigs now stand at 455, while natural gas rigs total 128, both higher than year-ago levels of 412 and 122, respectively.
Crude oil prices traded at $82.19, up $0.94 on the day, after reaching a high of $82.99 and a low of $80.71. The broader market saw mixed movements, with the Nasdaq and S&P 500 near recent lows amid shifting sentiment.
The rise in rig activity suggests potential upward pressure on energy supply, though market reactions remain tied to broader macroeconomic trends.