NYMEX crude oil down on rising rig count in US.

Crude oil futures on the NYMEX fell as output is seen increasing due to the rise in the number of active crude oil rigs in the US. The total number of active rigs in the US rise by 11 to 683 for the week–the highest level since April 2015. The number of rigs has risen for the 13th week. The May delivery crude oil contract traded at $53.17 a barrel, down 0.8% from previous close.