Reuters | Crude pares losses after Baker Hughes reports US rig count decline CNBC Oil prices pared losses to trade back above $40 a barrel on Thursday, but were on track for their first weekly loss in over a month, pressured by record high U.S. stockpiles, weakening equity markets, and a strong dollar. Also on Thursday, the number ... US Oil-Rig Count Declines by 15 MarketsUS oil rig count falls to lowest since Nov '09 US drillers cut oil and gas rigs for 14th straight week: Baker Hughes |