U.S. Oil Rig Count Rises by 5 to 415 -- Market Talk

Dow Jones01:28

1328 ET - The number of rigs drilling for oil in the U.S. rose by five this week to 415, oil services company Baker Hughes reports. It was the highest oil rig count since November, and up by eight since the start of the U.S.-Iran conflict that closed the Strait of Hormuz and sent oil prices into triple digits. Still, producers have proceeded with caution. With $100 a barrel oil it's profitable to drill anywhere, but producers know that isn't going to last forever, says Gary Cunningham of Tradition Energy. "People know that eventually there will be some type of a resolution with Iran and some type of reopening of the strait." Rigs directed at natural gas slipped by one this week to 128. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

May 15, 2026 13:28 ET (17:28 GMT)

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With $100 a barrel oil it's profitable to drill anywhere, but producers know that isn't going to last forever, says Gary Cunningham of Tradition Energy. \"People know that eventually there will be some type of a resolution with Iran and some type of reopening of the strait.\" Rigs directed at natural gas slipped by one this week to 128. 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It was the highest oil rig count since November, and up by eight since the start of the U.S.-Iran conflict that closed the Strait of Hormuz and sent oil prices into triple digits. Still, producers have proceeded with caution. With $100 a barrel oil it's profitable to drill anywhere, but producers know that isn't going to last forever, says Gary Cunningham of Tradition Energy. \"People know that eventually there will be some type of a resolution with Iran and some type of reopening of the strait.\" Rigs directed at natural gas slipped by one this week to 128. (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2026 13:28 ET (17:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0154245673.USD","symbol_name":"BNP PARIBAS US MID CAP \"C\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635903169","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635903169","pubTimestamp":1778866080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1328 ET - The number of rigs drilling for oil in the U.S. rose by five this week to 415, oil services company Baker Hughes reports. 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It was the highest oil rig count since November, and up by eight since the start of the U.S.-Iran conflict that closed the Strait of Hormuz and sent oil prices into triple digits. Still, producers have proceeded with caution. With $100 a barrel oil it's profitable to drill anywhere, but producers know that isn't going to last forever, says Gary Cunningham of Tradition Energy. \"People know that eventually there will be some type of a resolution with Iran and some type of reopening of the strait.\" Rigs directed at natural gas slipped by one this week to 128. (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2026 13:28 ET (17:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635903169","isCrawlerRequest":true}