Baker Hughes reports a third weekly decline in the U.S. oil-rig count

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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 4 to 172 this week. That marked a third weekly decline in a row. The total active U.S. rig count, meanwhile, was down 3 to 244, according to Baker Hughes. September West Texas Intermediate crude continued to trade lower following the data, losing 27 cents, or 0.6%, at $41.97 a barrel on the New York Mercantile Exchange.
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