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Baker Hughes reported U.S. oil rigs rose by 7 last week to 452, up 30 YoY and up 45 since the U.S.-Iran conflict began, citing firmer oil prices as the driver. The EIA says higher drilling activity is expected to lift U.S. crude output from 13.8 mln

2026-07-18

Baker Hughes reported U.S. oil rigs rose by 7 last week to 452, up 30 YoY and up 45 since the U.S.-Iran conflict began, citing firmer oil prices as the driver. The EIA says higher drilling activity is expected to lift U.S. crude output from 13.8 mln bpd this year to 14.0 mln bpd next year. U.S. natural-gas rigs were unchanged for a second week at 126, up 9 YoY.

Other News
2026-07-17

Brent crude rises more than 1.00% intraday to $84.96 a barrel.

Brent crude rises more than 1.00% intraday to $84.96 a barrel.
2026-07-17

At the close on July 16, the Dow Jones Industrial Average fell 105.14 points (-0.20%) to 52,553.50; the S&P 500 fell 38.54 points (-0.51%) to 7,533.86; the Nasdaq Composite fell 387.28 points (-1.47%) to 25,881.95.

At the close on July 16, the Dow Jones Industrial Average fell 105.14 points (-0.20%) to 52,553.50; the S&P 500 fell 38.54 points (-0.51%) to 7,533.86; the Nasdaq Composite fell 387.28 points (-1.47%) to 25,881.95.
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