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

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Baker Hughes BKR, +5.69% on Friday reported that the number of active U.S. rigs drilling for oil fell by five to 591 this week. That followed a decline of nine oil rigs the week before. The total active U.S. rig count, which includes those drilling for natural gas, declined by one to 759, according to Baker Hughes. Oil prices continued to trade higher. October West Texas Intermediate crude CLV22, +3.06% was up $3.41, or 4.1%, at $86.95 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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