US oil rig count rises for 4th straight week

The US oil rig count rose by 3 to 474 this week, the highest level since late January, according to oil drilling services provider Baker Hughes. 
Last week, the count of oil rigs spiked by 19, the biggest weekly increase since July 2015. Although it sustained the recent uptrend, the tally is still far from its 2014 peak — right when producers started taking rigs offline to cope with the oil crash. 
Crude oil prices got some support this week from the two-day OPEC meetin