U.S. Oil Rig Count Rises To 672, Up 2 From Week Ago

By William L. WattsMarketWatch Pulse

The total number of U.S. oil rigs rose to 672 this week, up 2 from a week ago, oil-services firm Baker Hughes reported Friday in its weekly tally. The number of oil rigs have risen from a low of 628 in late June, ending several months of steep declines. The number of rigs is down 917 from a year ago. Nymex September crude-oil futures remain up 31 cents at $42.54 a barrel, but are on track for a weekly loss of more than 3% after dropping to a six-year low.

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