Investing.com | Oil Holds Near $59 a Barrel as Drillers Cut Rigs for 21st Week Bloomberg Oil held near $59 a barrel as U.S. drillers reduced the number of active rigs for the 21st week. Futures were little changed in New York after capping a seventh weekly advance. The number of rigs dropped by 24 to 679, according to data from Baker ... Crude oil futures - weekly outlook: May 4 - 8 Energy Fundamentals: WTI And Brent Crude Oil Supply Speculators skeptical of oil rally |