Baker Hughes data show a weekly rise in the number of active U.S. oil-drilling rigs

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Baker Hughes BKR, +2.84% on Friday reported that the number of active U.S. rigs drilling for oil was up by 6 to 605 this week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by 9 to 767, according to Baker Hughes. Oil prices continued to trade higher. September West Texas Intermediate crude CLU22, +1.95% was up $2.84, or 3%, at $99.26 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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