U.S. Oil Rig Count Unchanged at 445

Dow Jones07-11

1422 ET - The number of rigs drilling for oil in the U.S. was steady this week at 445, the highest level since May of 2025 and up by 38 from the start of the U.S.-Iran conflict, according to data from Baker Hughes. If oil prices continue lower with renewed flows through the Strait of Hormuz, rig counts could reverse course, says Mark Malek, chief investment officer at Siebert Financial. "It's not surprising that we saw rig counts going up as we saw prices go up," he says. "If you see this price come down significantly I think you'll see the rig counts come back down." Rigs directed at natural gas were also steady this week at 126, Baker Hughes reports. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 14:22 ET (18:22 GMT)

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If oil prices continue lower with renewed flows through the Strait of Hormuz, rig counts could reverse course, says Mark Malek, chief investment officer at Siebert Financial. \"It's not surprising that we saw rig counts going up as we saw prices go up,\" he says. \"If you see this price come down significantly I think you'll see the rig counts come back down.\" Rigs directed at natural gas were also steady this week at 126, Baker Hughes reports. (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2026 14:22 ET (18:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Oil Rig Count Unchanged at 445</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Oil Rig Count Unchanged at 445\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-11 02:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1422 ET - The number of rigs drilling for oil in the U.S. was steady this week at 445, the highest level since May of 2025 and up by 38 from the start of the U.S.-Iran conflict, according to data from Baker Hughes. If oil prices continue lower with renewed flows through the Strait of Hormuz, rig counts could reverse course, says Mark Malek, chief investment officer at Siebert Financial. \"It's not surprising that we saw rig counts going up as we saw prices go up,\" he says. \"If you see this price come down significantly I think you'll see the rig counts come back down.\" Rigs directed at natural gas were also steady this week at 126, Baker Hughes reports. 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If oil prices continue lower with renewed flows through the Strait of Hormuz, rig counts could reverse course, says Mark Malek, chief investment officer at Siebert Financial. \"It's not surprising that we saw rig counts going up as we saw prices go up,\" he says. \"If you see this price come down significantly I think you'll see the rig counts come back down.\" Rigs directed at natural gas were also steady this week at 126, Baker Hughes reports. 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