03:29 PM EDT, 09/12/2025 (MT Newswires) -- The number of oil rigs in the US increased by two in the week through Friday, according to data from energy services company Baker Hughes ( BKR ) .

The count for oil rose to 416 rigs from the previous week's 414. The tallies for gas and miscellaneous rigs were unchanged at 118 and five, respectively.

The US had 488 oil, 97 gas and five miscellaneous rigs in operation a year earlier. Among US states, top producer Texas, New Mexico, and Ohio added one rig each, while Oklahoma lost one.

Across North America, the oil and gas rig count grew by seven to 725, as Canada added five to bring its tally to 186, the data showed.

West Texas Intermediate crude oil was up 0.4% at $62.59 a barrel in Friday late-afternoon trade, while Brent rose 0.8% to $66.91 a barrel. Both benchmarks were on track for weekly gains, with WTI up 1.2% and Brent higher by 2.1% so far on the week amid growing geopolitical conflicts.

A Ukrainian drone attack on Russia's Primorsk port resulted in a suspension of oil-loading operations overnight, news outlets reported Friday.

US President Donald Trump said Friday he was "sort of" running out of patience with his Russian counterpart, Vladimir Putin, "fast" following the Kremlin's remarks that peace negotiations with Ukraine were "on pause," Fox News reported.

On Thursday, the International Energy Agency raised its projections for global oil demand growth for 2025, while raising supply forecasts as the Organization of the Petroleum Exporting Countries continues to unwind its output cuts. Separately, the OPEC maintained its global oil demand projections, saying the world economy remained on course for robust expansion. Oil prices fell Thursday.

"Escalating geopolitical tensions, following Israel's (recent) attack on Hamas's leadership in Qatar and prospects of tighter Western sanctions on Russian energy exports, might help put a floor under oil prices," ING Bank said in a Friday report.

Price: 46.67, Change: -0.30, Percent Change: -0.64