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

By Myra P. SaefongMarketsMarketWatch Pulse

Data from Baker Hughes Friday revealed that the number of active U.S. rigs drilling for oil rose by 7 to 609 rigs this week. That marked the seventh weekly increase in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose by 2 to 756, according to Baker Hughes. April West Texas Intermediate crude was up 53 cents, or 1%, at $53.14 a barrel on the New York Mercantile Exchange. It was little changed from the level it traded at before the data.

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