U.S. oil-rig count posts weekly climb, up 5 months in a row -- MarketWatch

Baker Hughes (BHI) on Friday reported that the number of active U.S. rigs drilling for oil (http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview) climbed by 11 to 733 rigs this week. That marked a 20th weekly rise in a row, or roughly five months. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 8 to 916, according to Baker Hughes. Oil prices appeared unfazed in the wake of the data. July West Texas Intermediate crude was down 51 cents, or 1.1%, to $47.85 a barrel on the New York Mercantile Exchange, little changed from its level .

-Myra P. Saefong

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June 02, 2017 13:28 ET (17:28 GMT)