Baker Hughes data show U.S. oil-rig count edged higher this week

Posted April 21, 2017 1:09 pm by Comments

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 5 to 688 rigs this week. That marks a fourteenth weekly climb in a row. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by 10 to 857, according to Baker Hughes. June West Texas Intermediate crude fell $1.40, or 2.8%, at $49.34 a barrel on the New York Mercantile Exchange for the session, but it was trading close to that level before the data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

...[Read the Rest] Source: Marketwatch

Leave a Reply

Your email address will not be published. Required fields are marked *