Economic Times | Oil edges up on reduced US drilling activity, booming job market Reuters In oil markets, U.S. energy companies last week cut oil rigs for the first time in almost two months RIG-OL-USA-BHI, with drillers cutting back four rigs, to 796, Baker Hughes (GE.N) energy services firm said on Friday. Despite the lower rig count ... Oil prices rise on reduced US drilling activity, booming job market |