Baker Hughes Reports Weekly U.S. Oil-rig Count Down By 10

By Myra P. SaefongMarketWatch Pulse

Oil futures continued to trade lower after data from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 10 to 362 as of Friday. Meanwhile, the total U.S. rig count fell 14 to 450, which is another record low. May crude was at $36.90 a barrel on the New York Mercantile Exchange, down $1.44, or 3.8%. It traded at $36.80 before the data.

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