Weekly Oil Drilling Rig Count Down 10: Baker Hughes

By MarketWatch Pulse

Oil futures pared losses after data from Baker Hughes released Friday showed that the number of active U.S. oil-drilling rigs fell 10 to 652 as of Sept.11. The total U.S. active rig count, which includes natural-gas rigs, was at 848, down 16 rigs. Compared to last year, the total rig count has fallen by 1,083, with the oil rig count down 940. Oct. crude was down 75 cents, or 1.6%, to $45.18 a barrel on the New York Mercantile Exchange. It was trading at $45.06 just before the data.

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