Wall Street Journal | Crude-Oil Futures Fall About 3% in Asian Trading Wall Street Journal Drilling rigs in North America may fall by 30% to 40% this year, along with spending cuts of a similar magnitude among oil companies, which should support a recovery in oil prices by the end of the year, Gordon Kwan, head of oil research at Nomura ... Oil Bears Miss Biggest Rally Since '12 as Rigs Withdraw: Energy |