: Baker Hughes reports a weekly rise in active U.S. oil-drilling rigs


Baker Hughes BKR, +1.08% on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 593 this week. That followed declines in each of the past five weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by four to 758, according to Baker Hughes. Oil prices continued to trade lower, with the May West Texas Intermediate crude contract CLK23, -1.09% down 91 cents, or 1.3%, at $69.05 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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