Oil Prices Pare Losses As U.S. Oil-rig Count Falls a Sixth Week

By Markets MarketWatch Pulse

Oil futures pared their loss after data from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 11 to 332 as of Friday, down a sixth straight week. The total U.S. rig count fell 11 to 420. June crude was at $45.83 a barrel on the New York Mercantile Exchange, down 20 cents, or 0.4%. It was trading at $45.72 before the data.

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