As per data released by Baker Hughes, the number of oil rigs in USA increased by 5 to 397 as on 12th February 2021 compared to 392 the previous week. However, it is lower by 393 compared to 790 on 14th February 2020. The total number of oilrigs was recorded at 1,495 in Jan’21 compared to 3,957 in the corresponding period in last year.