11-11-2016 19:05 via feedproxy.google.com

Oil rig count climbs by 2

The US oil rig count rose by two to 452 this week, according to driller Baker Hughes. 
Last week, the tally climbed by nine, resuming the uptrend after a brief pause. Demand for oil rigs rose in the second half of this year as crude prices stabilized in a price range between $40 and $50 per barrel, and producers became more confident about market conditions. 
Crude oil fell on Friday after the Organization of Petroleum Exporting Countries reported another jump in product
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