Wall Street Journal (subscription) | US Oil-Rig Count Rises by 5 Wall Street Journal (subscription) The number of rigs drilling for oil in the U.S. rose by five in the past week to 688, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in ... Oil Prices Fall Further As U.S. Rig Count Inches Higher Baker Hughes data show US oil-rig count edged higher this week U.S. Oil Drilling Growth Shows First Signs of Cooling Off |