Baker Hughes data show U.S. oil-rig count up for 7 weeks in a row

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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 10 to 236 this week. That followed increases in each of the last six weeks. The total active U.S. rig count, meanwhile, was up 12 to 312, according to Baker Hughes. December West Texas Intermediate crude continued to trade lower following the data, losing 78 cents, or 1.9%, at $40.38 a barrel on the New York Mercantile Exchange.

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