Crude rose after U.S. explorers reduced the number of rigs drilling for oil to a five-year low, signaling further drops in production. West Texas Intermediate futures rebounded after Baker Hughes Inc. said rigs targeting oil in the U.S. fell by 26 to 614 this week. Prices fell as much as 1.7 percent earlier on government data that showed the U.S. added 142,000 jobs last month, compared with a gain of 201,000 projected in a Bloomberg survey. Oil has stuck near $45 a barrel for more than four weeks after plunging to a six-year low in August, even as U.S. crude stockpiles stay about 100 million barrels above the five-year seasonal average and OPEC pumps above its output target. Oil holding steady in spite of bad news is usually a sign that a rebound is around the corner, said investor Jim Rogers. “The falling rig count reinforces the view that […]