: Baker Hughes data show a decline in the active U.S. oil-drilling rig count


Baker Hughes BKR, +1.13% on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 to 520 this week. The total active U.S. rig count, which includes those drilling for natural gas, fell 12 to stand at 642, according to Baker Hughes. Oil prices traded higher in Friday dealings, with September West Texas Intermediate crude CLU23, +1.34% up $1.03, or 1.3%, at $81.42 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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