Baker Hughes Data Show U.S. Oil-rig Count Up a 15th Week In a Row

By Myra P. Saefong Markets MarketWatch Pulse

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by nine to 697 rigs this week. That marks a 15th weekly climb in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by 13 to 870, according to Baker Hughes. June West Texas Intermediate crude was up 18 cents, or 0.4%, at $49.15 a barrel on the New York Mercantile Exchange for the session-- just a few pennies below the level it traded at before the data.

Continue Reading Below

Copyright © 2017 MarketWatch, Inc.