Houston Chronicle (subscription) | US Oil-Rig Count Falls to 640 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. After a six-week streak of modest growth, the rig count has now declined for four ... Oil ends volatile week with slight price gain amid conflicting signs Baker Hughes: US Oil Drillers Cut Rigs For 4th Week On Weak Crude UPDATE 1-US oil drillers cut rigs for 4th week on weak crude-Baker Hughes |