U.S. Oil Rig Count Rises for Fifth Straight Week -- Market Talk

Dow Jones05-30

1336 ET - The number of rigs drilling for oil in the U.S. rose for a fifth consecutive week, increasing by four to 429, Baker Hughes reports. "The enduring Iran-U.S. war and increasing visibility into a longer-term global call on supply is sending the rig count steeply higher toward an 11-month high," EBW Analytics says in a report this week. While many medium-to-larger producers were initially slower to react to lost supply, "the massive drawdown in global inventories is increasing confidence in a long-lasting supply disruption, with even a post-war rebuilding of commercial and strategic oil stockpiles likely to last at least 12-18 months-if not multiple years." Rigs directed at natural gas are unchanged this week at 125. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

May 29, 2026 13:38 ET (17:38 GMT)

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While many medium-to-larger producers were initially slower to react to lost supply, \"the massive drawdown in global inventories is increasing confidence in a long-lasting supply disruption, with even a post-war rebuilding of commercial and strategic oil stockpiles likely to last at least 12-18 months-if not multiple years.\" Rigs directed at natural gas are unchanged this week at 125. 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While many medium-to-larger producers were initially slower to react to lost supply, \"the massive drawdown in global inventories is increasing confidence in a long-lasting supply disruption, with even a post-war rebuilding of commercial and strategic oil stockpiles likely to last at least 12-18 months-if not multiple years.\" Rigs directed at natural gas are unchanged this week at 125. (anthony.harrup@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2026 13:38 ET (17:38 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":"2639711996","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639711996","pubTimestamp":1780076280,"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":"1336 ET - The number of rigs drilling for oil in the U.S. rose for a fifth consecutive week, increasing by four to 429, Baker Hughes reports. \"The enduring Iran-U.S. war and increasing visibility into a longer-term global call on supply is sending the rig count steeply higher toward an 11-month high,\" EBW Analytics says in a report this week. 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While many medium-to-larger producers were initially slower to react to lost supply, \"the massive drawdown in global inventories is increasing confidence in a long-lasting supply disruption, with even a post-war rebuilding of commercial and strategic oil stockpiles likely to last at least 12-18 months-if not multiple years.\" Rigs directed at natural gas are unchanged this week at 125. 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