Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs


Baker Hughes BKR, -2.18% on Friday reported that the number of active U.S. rigs drilling for oil rose by eight to 599 this week. That followed declines in each of the previous two weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by four to 763, according to Baker Hughes. Oil prices edged lower, with October West Texas Intermediate crude CLV22, +0.34% down 10 cents, or 0.1%, at $85 a barrel on the New York Mercantile Exchange.

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

Previous articleMarket Snapshot: Can the Fed tame inflation without further crushing the stock market? What investors need to know.
Next articleOutside the Box: 3 ways retirees can make the most of their money in an unpredictable market


Please enter your comment!
Please enter your name here