U.S. Oil Rig Count Falls For Ninth Straight Week: Baker Hughes

By William L. WattsMarketWatch Pulse

The number of U.S. oil rigs fell by 26 to a total of 439 in the latest week, oil-services firm Baker Hughes reported Friday, marking the ninth straight week of declines. The number of rigs has fallen by 606 from a year ago. Oil futures remained lower after the data, with West Texas Intermediate crude for March delivery on the New York Mercantile Exchange down $1.19, or 3.9%, at $29.58 a barrel.

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