CNNMoney | U.S. oil and gas rigs fall to 70-year lows CNNMoney Last month, oil prices plunged to a 13-year low of $26 a barrel, even though they have recently bounced back to $39. Natural gas prices remain near 17-year lows. Baker Hughes said there were just 480 rigs drilling for oil and natural gas last week ... Rig count falls to new lows, and oil rallies US Oil and Natural-Gas Rig Count Falls to Record Low US oil drillers cut rigs for 12th week in a row -Baker Hughes |