Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 11 to 758 rigs this week. That marked a 23nd weekly rise in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, rose by eight to 941, according to Baker Hughes. Oil prices pared earlier gains following the data, with August West Texas Intermediate crude up 9 cents, or 0.2%, at $42.83 a barrel on the New York Mercantile Exchange for the session. It was trading at $43.07 before the data.
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