: Baker Hughes data show a 4th straight weekly decline in active U.S. oil-drilling rigs


Baker Hughes BKR, -3.29% on Friday reported that the number of active U.S. rigs drilling for oil fell by two to 590 this week. That followed declines in each of the past three weeks. The total active U.S. rig count, which includes those drilling for natural gas, declined by three to 746, according to Baker Hughes. Oil prices continued to trade higher, with the April West Texas Intermediate crude contract CLJ23, +1.27% up $1.02, or nearly 1.4%, at $76.74 a barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

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