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Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs

baker-hughes-data-show-a-weekly-climb-in-active-us.-oil-drilling-rigs

Baker Hughes [s: bkr] on Friday reported that the number of active U.S. rigs drilling for oil rose by eight to 610 this week. That followed a decline of two in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by seven to 769, according to Baker Hughes. Oil prices continued to trade lower, with November West Texas Intermediate crude CLX22, -3.76% down $3.08, or 3.5%, at $86.03 a barrel on the New York Mercantile Exchange.

Source: Marketwatch

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