Baker Hughes US Oil Rig Count comes in at 452

The Baker Hughes US Oil Rig Count for July 17, 2026, showed an increase in active rigs. The actual count came in at 452, up from the previous reading of 445. No consensus figure was available for comparison.

Following the release, market reactions across major currency pairs and gold were generally subdued compared to typical moves. One hour after the data, AUDUSD was down 1.4 pips, EURUSD was down 3.4 pips, GBPUSD was down 1.9 pips, and NZDUSD was down 1.3 pips. USDCAD moved up 4.7 pips, USDCHF moved up 1.8 pips, and USDJPY was down 1.9 pips. XAUUSD, or gold, was down 49 pips. For context, the median 1-hour move after past releases for these currency pairs typically ranges from 3 to 6 pips, while for XAUUSD it is 15 pips. Most currency pair moves were smaller than their respective median 1-hour moves, with XAUUSD showing a larger move than its median.