The average West Texas Intermediate (WTI) crude oil price per barrel decreased 5% month on month (m/m). Compared to last year, WTI is down 15% year on year (y/y), coming in at $60.89/barrel versus $71.99/barrel in October 2024.

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending October 31st was 414 oil and 125 gas (totaling 539). In percentage terms, on a month on month (m/m) basis, oil rigs were down 1.9% and gas was up at 5.9%. On a year on year (y/y) comparison, rigs were down 13.6% for oil and up 22.5% for gas. The combined figure for y/y was -6.7%, or -39 rigs.

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending September 26th was 424 oil and 117 gas (totaling 541).

Producer Price Index: The U.S. Bureau of Labor Statistics’ Producer Price Index (PPI) for final demand declined 0.1 percent in August 2025, following the 0.7% increase in July. Prices for final demand services fell 0.2% while the index for final demand goods moved up by 0.1%. The final demand index moved up 2.8 percent, the largest 12-month advance since climbing 3.5 percent in March 2025.

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending August 22nd was 411 oil and 122 gas (totaling 533). In percentage terms, on a month on month (m/m) basis, oil rigs were down 1.0% and gas was sideways at 0%. On a year on year (y/y) comparison, rigs were down 14.9% for oil and up 25.8% for gas. The combined figure for y/y was -8%, or -47 rigs.

Oil and Gas Rotary Rig Counts: The total number of operating rigs in the U.S. for the week ending August 15th was 412 oil and 122 gas (totaling 539). In percentage terms, on a month on month (m/m) basis, oil rigs were down 2.4% and gas was up 4.3%. On a year on year (y/y) comparison, rigs were down 14.7% for oil and up 24.5% for gas. The combined figure for y/y was -8%, or -47 rigs.