Oil rig count rises for a 4th straight week

The US oil-rig count rose by 14 to 371 this week, a fourth straight week-over-week rise, according to Baker Hughes. 
This tally has steadily climbed since it bottomed in May, indicating that producers activated rigs as crude prices also rose. 
The gas-rig count fell by one to 88, and miscellaneous rigs rose by two to three, taking the total up 15 to 462.
Last week, the tally of active rigs rose by six. The gas rig count rose by one, taking the total up seven. 
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