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US oil-rig count falls for the first time in 24 weeks, ending record streak

US oil drillers this week took more rigs offline than were added for the first time in 24 weeks, breaking the record streak of increases. The oil-rig count fell by two to 756, oilfields-services giant Baker Hughes said in its weekly report on Friday. The gas-rig count rose by one to 184. With miscellaneous rigs down one to zero, the total rig count fell by one to 940. This drop is a blip that even the chart below barely shows as the supply glut persists.
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