Baker Hughes data reveal a weekly increase in the number of active U.S. oil rigs


Baker Hughes
on Friday reported that the number of active U.S. rigs drilling for oil rose by six to 295 this week. That followed increases in each of the last nine weeks. The total active U.S. rig count, which includes those drilling for natural gas, was also up by six to 384, according to Baker Hughes. March West Texas Intermediate crude
traded modestly lower following the data, down 10 cents, or 0.2%, to $52.24 a barrel on the New York Mercantile Exchange.


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