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Baker Hughes data show a third-straight weekly rise in active U.S. oil-drilling rigs

baker-hughes-data-show-a-third-straight-weekly-rise-in-active-us.-oil-drilling-rigs

Baker Hughes BKR, -0.76% on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 604 this week. That followed increases in each of the past two weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one to 765, according to Baker Hughes. Oil prices continued to trade lower, with November West Texas Intermediate crude CLX22, -1.83% down $1.30, or 1.6%, at $79.93 a barrel on the New York Mercantile Exchange.

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