Wall Street Journal | Oil Prices Jump as Drilling Drops Wall Street Journal U.S. oil prices rose for a third consecutive week as drilling continued to decline. The number of rigs drilling for crude in the U.S., which is viewed as a rough proxy for activity in the oil industry, dropped by eight in the past week to 392, the ... Oil above $35 as US oil-rig count falls for 11th week US oil drillers cut rigs for 11th week in a row: Baker Hughes Oil rig count drops for 11th straight week |