Baker Hughes on Friday reported that the number of U.S. rigs actively drilling for oil and natural gas as of May 22 fell by 3 rigs from last week to 885. The count is down 972 rigs from last year. The number of oil rigs fell 1 rig for the week to 659. July oil was last at $59.70, down $1.02, or 1.7%, on the New York Mercantile Exchange. It traded at $59.63 right before the report.
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