Oil Futures Continue To Decline As Baker Hughes Reports Rise In U.S. Oil-rig Count

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures continued to decline on Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil rose by 9 to 450 rigs this week. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 12 to 569, Baker Hughes said. December crude was down 64 cents, or 1.4%, to $44.02 a barrel on the New York Mercantile Exchange, holding near the level it traded at before the rig data.

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