US oil rig count rises for second straight week: Baker Hughes

12/12/2025 Argaam Exclusive

The number of oil drilling rigs in the US increased during the week ending Dec. 12, extending the rise for a second consecutive week, and signaling a potential increase in crude oil production going forward.

The US oil rig count rose one unit to 414 this week, data released on Friday by Baker Hughes showed.

Meanwhile, the number of natural gas rigs declined by two units to 127 over the same period.

Oil and gas exploration platforms - USA

Item	Year Before	Last Week	Current	Weekly Change	Yearly Change
No. of Rig Count	482	413	414	1+	(68)
Gas	103	129	127	(2)	24
Oil & Gas	585	542	541	(1)	(44)

Month
3 Months
6 Months
Year
3 Years
All

Commodities

Name

Price

Change (value)

Change (%)

Brent Crude Oil

59.82

0.97

1.64 %

Nymex

56.12

0.85

1.54 %

Natural Gas

4.01

0.13

3.18 %

Gold

4,378.00

44.90

1.04 %

Silver

66.80

3.10

4.86 %

High Grade Copper

5.44

0.08

1.55 %

Iron Ore

106.36

0.26

0.24 %

Aluminum

2,907.00

36.25

1.26 %

LEAD

1,961.00

19.00

0.98 %

Zinc

3,071.00

36.00

1.18 %

Steel

900.00

0.00

0.00 %

Wheat (CBOT)

506.00

(3.40)

(0.67 %)

Corn (CBOT)

441.25

4.60

1.06 %

Coffee (ICEUS)

347.30

(4.85)

(1.38 %)

Whole Milk Powder

3,675.00

(175.00)

(4.76 %)

Skim Milk Powder

2,412.50

(12.50)

(0.52 %)

Refining margins

8.35

(0.25)

(2.91 %)

VLCC "Spot"

LPG (mt) ($)

Fujairah Fuel Pric (mt) ($)

VLCC "TC/1Year" ($)

المزيد

Commodity Prices

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