Baker Hughes data log first fall in weekly U.S. oil-rig count in 9 weeks

/ / News

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 231 this week. That followed increases in each of the last eight weeks. The total active U.S. rig count, which includes those drilling for natural gas, was also down by 2 to 310, according to Baker Hughes. December West Texas Intermediate crude , which expires at the end of the session, continued to trade higher following the data, tacking on 18 cents, or 0.4%, at $41.92 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.