Bloomberg | Oil Rebounds After U.S. Producers Reduce Rigs to Five-Year Low Bloomberg Crude rose after U.S. explorers reduced the number of rigs drilling for oil to a five-year low, signaling further drops in production. West Texas Intermediate futures rebounded after Baker Hughes Inc. said rigs targeting oil in the U.S. fell by 26 to ... Oil finishes higher as US rig count drops to 5-year low Oil rebounds on largest rig count drop since April US Oil-Rig Count Falls to 614 |