The number of rigs drilling for oil in the U.S. rose by 21 in the past week to 652, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After the count peaked at 1,609 in October 2014, low oil prices put downward pressure on production and the number receded....

Source: Wall Street Journal March 24, 2017 17:26 UTC