The number of rigs drilling for oil in the U.S. rose by five in the past week to 602, according to oil-field services company Baker Hughes Inc., marking another week of increases. The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on...

Source: Wall Street Journal February 24, 2017 18:11 UTC