Reuters | Oil dives 4 percent on the week on US rigs rise, glut threat Reuters Crude futures were already down, with Brent at two-month lows, on fears of more Iraqi supply before a report by energy services firm Baker Hughes showed U.S. oil drillers added 14 rigs this week to bring the total rig count to 371. "The oil complex is ... Oil settles down 1.25% as glut fear persists Oil Prices Fall on Glut in Refined Products Oil Down 2%, Eyes Weekly Loss, on Glut and U.S. Rigs Rise |