Baker Hughes data show a third straight weekly rise in U.S. oil-drilling rigs


Baker Hughes
on Friday reported that the number of active U.S. rigs drilling for oil was up by eight at 405 this week, marking the third weekly increase in a row. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by three to stand at 503, according to Baker Hughes. September West Texas Intermediate crude
continued to trade lower, with the contract down $1.04, or 1.6%, to $62.65 a barrel on the New York Mercantile Exchange.


Leave A Reply