The Globe and Mail | Oil, briefly up 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 Slides Amid Supply Concerns After Biggest Gain in 7 Months Oil's near $62 as US jobs fan optimism, rig drop eases fears Oil prices rise on reduced US drilling activity, booming job market |