Bloomberg | Oil Trades Near $42 as U.S. Drilling Gains Sixth Week Amid Glut Bloomberg Oil traded near $42 a barrel as U.S. drilling increased at the fastest pace in almost a year. Futures gained 0.4 percent in New York, erasing Friday's 0.3 percent loss. Drillers added rigs for a sixth week, boosting the count to 381, for the longest ... Oil near US$42 after US adds oil rigs for longest streak in year Six Weeks In A Row – Rising Rig Count Pushes Oil Down Oil futures end lower as US rig count rises |