U.S. Oil Rig Count Rises By 2 to 462 -- Market Talk
Dow Jones2026/10/30 18:151415 ET - U.S. operators continue to add oil rigs as the conflict drags on in the Middle East, keeping crude prices high. Oil rigs increased by two last week to 462, and were up by 48 from a year ago, Baker Hughes reports. With increased anticipation of oil prices staying high, "there's just a lot more interest in exploration," says Andrejka Bernatova, CEO of Dynamix Corporation III, an energy-focused SPAC. "There's a sort of realization that you cannot rely on Russia and the Middle East at this point," she says. There is more focus on the U.S. and a lot of interest in places like Venezuela and Argentina, she adds. Natural gas rigs slipped by two this week to 130, or five more than a year ago. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
October 30, 2026 14:15 ET (18:15 GMT)
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