The current count of oil and gas rigs operating in the U.S. is up 5% in the last month and up 27% year-over-year, according to Enverus. This was the sixth time the count increased in the past seven weeks and put the total number up 32, or 8%, over this time in 2020.

The most notable changes during the past month occurred in the Midcontinent (up 12), Gulf Coast (up seven) and Ark-La-Tex (up six) regions.

WTI crude futures in the U.S. were trading around $64/bbl on April 30, putting the contract on track to rise for the fifth time in the past six months.

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