CNBC | Oil stabilizes as rig count falls for 7th week CNBC Crude prices stabilized as data showed drillers cut back rigs for a seventh straight week, but futures remained on track to end the week lower after two consecutive weeks of gains. The number of rigs in U.S. oil fields continued to fall, dropping by 31 ... Oil prices steady, weak fundamentals weigh after volatile week Oil futures look set for a weekly loss of more than 5% U.S. running out of space to store oil |