Oil futures remain lower after weekly rig count shows another fall

/ / News

Oil futures remained lower in afternoon trade Friday, showing little movement after oil-field services company Baker Hughes said the number of U.S. oil rigs fell by 4 this week to 176. West Texas Intermediate crude for September delivery on the New York Mercantile Exchange was down 68 cents, or 1.6%, at $41.27 a barrel.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.