MarketWatch | Oil up 3% as $US falls, US rig count drops NEWS.com.au US energy firms cut oil rigs for a second week in three, the Baker Hughes energy services firm reported, with drillers cutting spending plans in reaction to declining crude prices. Drillers cut five oil rigs in the week to August 18, bringing the total ... Oil Confounds Hitting 4-Week High Oil ends sharply higher, with US prices down a third week in a row |