Oil prices seesawed between losses and gains after data from Baker Hughes showed that the number of active U.S. oil-drilling rigs edged down for a seventh week in a row. They fell by 31 to 467 as of Friday. The total active U.S. rig count, which includes natural-gas rigs, was down 48 at 571. Compared to last year, the total U.S. rig count has fallen by 885, with oil rigs down by 673. March crude was at $31.73 a barrel on the New York Mercantile Exchange, up a penny. It was trading lower at $31.42 before the data.
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