CORRECT: Total Weekly Rig Count Down 12: Baker Hughes

By Mark DeCambreMarketWatch Pulse

Oil futures inched higher on Friday after data from Baker Hughes released Friday showed that the number of active U.S. rigs fell 12 to 775 as of Oct. 30. Active oil-drilling rigs fell 16 to 578 rigs, while gas rigs gained four rigs to 197. December oil was up 43 cents, or 0.9%, to $46.48 a barrel on the New York Mercantile Exchange. It was trading at $46.37 a barrel, or 0.7%, higher just before the data.

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