Monday, July 14, 2025

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Weekly Inventories

U.S. crude oil inventories increase by 7.1 million barrels

Weekly Crude Oil Storage as of July 4, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.1 million barrels from the previous week.  At 426 million barrels, U.S. crude oil inventories are 8%

U.S. rig count decreased by 2 is at 537

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 over last week, resulting in a total count of 537 rigs. Canada had an increase of 11 over last week, resulting in a total Canadian count of