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


Baker Hughes BKR, +0.74% on Friday reported that the number of active U.S. rigs drilling for oil fell by 10 to 599 this week. That followed declines in each of the two previous weeks. The total active U.S. rig count, which includes those drilling for natural gas, fell by 12 to 759, according to Baker Hughes. Oil prices continued to trade lower, with the March West Texas Intermediate crude contract CLH23, -2.97% down $1.98, or 2.6%, at $73.90 a barrel on the New York Mercantile Exchange, weighed down in part by a sharp rise in the U.S. dollar.

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

Previous articleFA Center: Many companies try to blame their poor earnings on the U.S. dollar. Don’t believe it.
Next articleTesla? Generac? Barron’s stock picks have had a good week.


Please enter your comment!
Please enter your name here