Baker Hughes Data Show U.S. Oil-rig Count Up a 13th Week In a Row

By Myra P. SaefongMarketsMarketWatch Pulse

Baker Hughes on Thursday reported that the number of active U.S. rigs drilling for oil rose by 11 to 683 rigs this week. That marks a thirteenth weekly climb in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by 8 to 847, according to Baker Hughes. May West Texas Intermediate crude fell 15 cents, or 0.3%, at $52.96 a barrel on the New York Mercantile Exchange for the session. It was trading at $53.01 before the data.

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