Baker Hughes data show biggest weekly rise in U.S. oil-rig count since May

Baker Hughes data show biggest weekly rise in U.S. oil-rig count since May

By

Markets/commodities reporter

Baker Hughes BHGE, -3.07% on Friday reported that the number of active U.S. rigs drilling for oil climbed by 12 to 886 this week. That was the biggest weekly oil-rig rise since the week ended May 25, when the number rose by 15. The total active U.S. rig count, which includes oil and natural-gas rigs, was up 14 at 1,081, according to Baker Hughes. December West Texas Intermediate crude CLZ8, -1.09% was down 68 cents, or 1.1%, at $59.99 a barrel from Thursday’s finish, unchanged from before the rig data Friday.

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