MarketWatch | Oil ends higher on global supply declines, but US rig count spikes MarketWatch Prices, however, finished off the day's highs after data showed a hefty weekly rise in the number of active U.S. rigs drilling for oil. The increase raised concerns that rising output from the U.S. could derail efforts by other major producers to ... US crude settles at $52.42, up 2% ahead of producers' output cut compliance meeting It's Going to Be a Hot Summer for Oil Prices Oil prices jump two percent ahead of producers' compliance meeting |