CNBC | US oil settled at $44.49 a barrel, up 2.30 percent, or $1.00 CNBC Baker Hughes reported that U.S. crude oil rigs rose by 15 this week, and now total 396. This time last year, there were 672 oil rigs in production, Baker Hughes said. Oil prices pared gains after the data showed the seventh consecutive week of added rigs. Oil extends rally on possible producer action Oil climbs in volatile trading, propped up by weaker dollar |