Oil futures pared some losses after data Thursday from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 15 to 372 as of Thursday. Meanwhile, the total U.S. rig count fell 12 to 464, which is another record low. May crude was at $39.44 a barrel on the New York Mercantile Exchange, down 35 cents, or 0.9%. It was trading lower at around $39.17 before the data.
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