Baker Hughes Data Show U.S. Oil-rig Count Up a 10th Week In a Row

By Myra P. Saefong Markets MarketWatch Pulse

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil climbed by 4 to 529 rigs this week. That marks the tenth weekly climb in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose 7 to 665, according to Baker Hughes. February West Texas Intermediate crude was up 25 cents, or 0.5%, at $54.01 a barrel on the New York Mercantile Exchange, little changed from the level it traded at before the data.

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