Oil prices held gains after data Friday from Baker Hughes showed that the number of active U.S. oil-drilling rigs fell for an 11th week in a row, down by 8 to 392 as of Friday. The total active U.S. rig count, which includes natural-gas rigs, was down 13 at 489. The lowest count for total U.S. rigs was 488 from April 23, 1999, according to Baker Hughes data. April crude was at $35.68 a barrel on the New York Mercantile Exchange, up $1.11, or 3.2%. It traded at $35.80 before the data.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.