Baker Hughes data show a fall in U.S. oil-drilling rigs for the first time in 5 weeks

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Baker Hughes
BKR,
-0.45%
on Friday reported that the number of active U.S. rigs drilling for oil was down by two at 385 this week. That followed four weekly increases in a row. The total active U.S. rig count, which includes those drilling for natural gas, also declined by three to stand at 488, according to Baker Hughes. September West Texas Intermediate crude
CLU21,
+0.42%
continued to trade higher, with the contract up 35 cents, or 0.5%, to $73.97 a barrel on the New York Mercantile Exchange.

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