Oil remains lower after rise in U.S. rig count

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Oil futures remained under pressure Friday after oilfield-services company Baker Hughes Inc. said the number of U.S. oil rigs rose by 5 this week to 226. That remains well off the year-ago number of 685. West Texas Intermediate crude for December delivery was down $1.50, or 3.8%, at $37.29 a barrel on the New York Mercantile Exchange.
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