TheStreet.com | U.S. Oil Rig Count Falls For The First Time In 12 Weeks OilPrice.com Drillers in the United States have been slowly but steadily increasing the number of active drilling rigs in line with higher oil prices, particularly since the OPEC agreement on November 30 that saw OPEC agree to cut back production to 32.5 million bpd. US Oil Rig Count Falls By Seven, Baker Hughes Says US oil drillers cut rigs for 2nd week in 7 months -Baker Oil Service Stocks Fall After First Rig Decline in More Than 2 Months |