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US oil rig count falls for 12th straight week: Baker Hughes
18/07/2025
Argaam Exclusive
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The number of active oil drilling rigs in the US declined for the 12th consecutive week, signaling a potential significant drop in US crude supply.
The rig count fell two units to 422 during the week ending July 18, data released Friday by Baker Hughes showed.
Meanwhile, the natural gas rig count rose nine units to 117 over the same period.
Oil and gas exploration platforms - USA
| Item | Year Before | Last Week | Current | Weekly Change | Yearly Change |
|---|---|---|---|---|---|
| No. of Rig Count | 477 | 424 | 422 | (2) | (55) |
| Gas | 103 | 108 | 117 | 9+ | 14 |
| Oil & Gas | 580 | 532 | 539 | 7+ | (41) |
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Price
Change (value)Change (%)
Brent Crude Oil
69.28
(0.24)
(0.35 %)
Nymex
67.34
(0.20)
(0.30 %)
Natural Gas
3.57
0.02
0.65 %
Gold
3,358.30
13.00
0.39 %
Silver
38.46
0.16
0.42 %
High Grade Copper
5.60
0.09
1.67 %
Iron Ore
97.22
0.04
0.04 %
Aluminum
2,553.00
75.75
3.04 %
LEAD
2,011.50
35.50
1.80 %
Zinc
2,824.00
88.00
3.22 %
Steel
850.00
0.00
0.00 %
Wheat (CBOT)
546.25
12.60
2.36 %
Corn (CBOT)
427.75
6.60
1.57 %
Coffee (ICEUS)
303.60
(3.60)
(1.16 %)
Whole Milk Powder
5,087.50
62.50
1.23 %
Skim Milk Powder
2,812.50
0.00
0.00 %
Refining margins
12.86
0.72
5.93 %
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