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A halt in new oil rigs and a decline in production have been fueling the rise.
US oil prices were on pace for a 5% drop in June.
758 oil rigs were in use in the week ending June 23, 2017.
The count rose by six to 747.
The oil-rig count rose by eight to 741, the highest level since April 10, 2015.
The oil-rig count rose by 11 to 733, the biggest jump in seven weeks.
This week marks the one-year anniversary of when the tally bottomed after the downturn.
This extended the longest streak of rig additions since 2011.
Crude oil was on pace for its first weekly increase in four weeks and its biggest in five.
The release comes at the end of an eventful week for commodities in which oil prices fell to the lowest level since last November.