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

/ / News

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 10 to 221 this week. That followed increases in each of the last five weeks. The total active U.S. rig count, meanwhile, was up 9 to 296, according to Baker Hughes. December West Texas Intermediate crude continued to trade lower following the data, losing 88 cents, or 2.4%, at $35.29 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.