U.S. rigs drilling for crude increase for 15th straight week Libya crude output rebounds as Sharara, Feel fields restarted Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded. Futures in New York lost as much as 0.5 percent after gaining 0.7 percent Friday. The number of oil rigs operating in U.S. fields advanced to the most since April 2015, according to Baker Hughes Inc. Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt. Oil has fallen the past two weeks amid concern growing U.S. output will offset efforts by the Organization of Petroleum Exporting Countries and its allies to trim a global glut. American production increased to the most since August 2015 and Saudi Arabia’s Energy Minister Khalid […]