Oil Investment Views Turning Positive But Rigs Dip

Schlumberger (SLB) is cautious on offshore drilling but said Friday that it sees any improvement in oil prices in the second half of the year leading to more investment in land exploration in 2016. The oilfield service provider's more upbeat outlook followed its assessment late Thursday that the North American rig count may be bottoming out after several months of declines. But the latest weekly oil rig count from Baker Hughes (BHI) showed a drop

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