DJ U.S. Oil Rig Count Falls to 734 in Latest Week

• By Angela Chen
  The U.S. oil-rig count fell by 26 to 734 in the latest week, according to Baker Hughes Inc., slowing from the previous week's decline.
  The number of U.S. oil drilling rigs--a proxy for activity in the oil industry--has fallen sharply since prices headed south last year. There are now 54% fewer rigs compared with a peak of 1,609 in October, and Friday's report marks the 19th-straight week of declines.