Baker Hughes Data Show a Rise In The Weekly U.S. Oil-rig Count

By Myra P. SaefongMarketsMarketWatch Pulse

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 3 to 768 rigs this week. However, the total active U.S. rig count, which includes oil and natural-gas rigs, fell by 5 to 949, according to Baker Hughes. September West Texas Intermediate crude was up 4 cents, or less than 0.1%, at $48.63 a barrel on the New York Mercantile Exchange. It traded at $48.51 before the data.

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