Oil futures pared their loss after data from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 11 to 332 as of Friday, down a sixth straight week. The total U.S. rig count fell 11 to 420. June crude was at $45.83 a barrel on the New York Mercantile Exchange, down 20 cents, or 0.4%. It was trading at $45.72 before the data.
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