Geopolitics Alpha

US oil rig count up for week ending Oct. 30

Published . Updated .

ENERGYUS oil rig count up for weekending Oct. 30BKRGEOPOLITICS ALPHA

The oil rig count in the US increased by 2 this week, according to the latest data released by oilfield services company Baker Hughes on Friday.

Directly affected

  • BKR Baker Hughes-4.5% 30d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+13.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+12.1% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • OIH VanEck Oil Services ETF+2.0% 30d

    VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story.

  • SLB Slb N.V+3.8% 30d

    Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • XOM ExxonMobil Holdings+13.4% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • HAL Halliburton+3.3% 30d

    Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • CVX Chevron+15.7% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips+8.3% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BKRNo price data for this ticker———————
USO-1.54%-1.29%baseafter closeafter closeafter closeafter close
XLE-0.51%-2.20%baseafter closeafter closeafter closeafter close
OIH-2.14%-0.61%baseafter closeafter closeafter closeafter close
SLBNo price data for this ticker———————
XOM-1.45%-2.77%baseafter closeafter closeafter closeafter close
HALNo price data for this ticker———————
CVX-1.54%-2.69%baseafter closeafter closeafter closeafter close
COP-1.71%-3.24%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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US oil rig count up for week ending Oct. 30 Anadolu Ajansı

Source: Anadolu Ajansı

United States Oil Fund (USO) since “US oil rig count up for week ending Oct. 30,” compared with the market

CompanyWhenMoveStatus
Conocophillips (COP)three days earlier-3.24%final price
Conocophillips (COP)five days earlier-1.71%final price
Chevron (CVX)three days earlier-2.69%final price
Chevron (CVX)five days earlier-1.54%final price
Vaneck Vectors Etf (OIH)three days earlier-0.61%final price
Vaneck Vectors Etf (OIH)five days earlier-2.14%final price
United States Oil Fund (USO)three days earlier-1.29%final price
United States Oil Fund (USO)five days earlier-1.54%final price
Select Sector Spdr Tr (XLE)three days earlier-2.20%final price
Select Sector Spdr Tr (XLE)five days earlier-0.51%final price
ExxonMobil Holdings (XOM)three days earlier-2.77%final price
ExxonMobil Holdings (XOM)five days earlier-1.45%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Companies in energy around United States Oil Fund (USO)

Companies tied to this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “US oil rig count up for week ending Oct. 30.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    For “US oil rig count up for week ending Oct. 30,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • OIH Vaneck Vectors Etf

    Vaneck Vectors Etf (OIH) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “US oil rig count up for week ending Oct. 30.” Reason on file: VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “US oil rig count up for week ending Oct. 30.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    For “US oil rig count up for week ending Oct. 30,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • SLB Slb

    Slb (SLB) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “US oil rig count up for week ending Oct. 30.” Reason on file: Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

  • COP Conocophillips

    For “US oil rig count up for week ending Oct. 30,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • HAL Halliburton

    In “US oil rig count up for week ending Oct. 30,” Halliburton (HAL) is linked, with no stored direction, medium confidence. Reason on file: Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story

How energy news reaches United States Oil Fund (USO)

On 31 Oct 2026, “US oil rig count up for week ending Oct. 30” is the story that connects United States Oil Fund (USO) to Energy.

For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

OIH traded between 367.58 and 412.72 across 20 sessions. The latest close on file is 409.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.

A simple score for United States Oil Fund (USO)

54 out of 100

“US oil rig count up for week ending Oct. 30” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.