Reuters | Oil edges up, but US drilling drags on prices Reuters U.S. energy companies added oil rigs for a fifth consecutive week, Baker Hughes said on Friday, extending a nine-month recovery with producers encouraged by higher crude prices, which have traded mostly over $50 a barrel since late November. [RIG/U]. It's Not Record Oil Speculation That'll Drive Prices Why Aren't Oil Prices $50 Ahead? Big bets on oil remain stalwart, despite bearish signals |