American Trade Journal | US Oil-Rig Count Falls in Latest Week Wall Street Journal The number of U.S. oil-drilling rigs, which is viewed as a proxy for activity in the oil industry, has fallen sharply since oil prices started falling last year. The rig count dropped for 29 straight weeks before climbing modestly in recent weeks ... UPDATE 1-US oil drillers cut rigs with crude price decline -Baker Hughes Weekly US oil and natural gas rig count falls by 16 to 848 |