The Globe and Mail | Oil, briefly higher on lower rig counts, falls on US output outlook The Globe and Mail In oil markets, U.S. energy companies last week cut oil rigs for the first time in almost two months, with drillers cutting back four rigs, to 796, Baker Hughes energy services firm said on Friday. Despite the lower rig count, which is an early ... Oil, briefly up on lower rig counts, falls on US output outlook Oil's Near $62 as US Jobs Fan Optimism, Rig Drop Eases Fears Oil prices rise on reduced US drilling activity, booming job market |