The U.S. rig count increased by 10 in the last week, according to Enverus Rig Analytics. The count is up almost 5% in the last month and up 95% in the last year.

The Permian Basin led the way in the increase, adding seven rigs in the last week to reach 241, while Appalachia gained four rigs for a total of 48 and the Gulf Coast added three rigs for 75. The Williston Basin had the largest drop, losing three rigs week over week to 26.

WTI crude futures in the U.S. rose to their highest since 2014 this week and were currently trading around $82/bbl on Oct. 15, on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products.

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