Baker Hughes Reports a Second Weekly Increase in the U.S. Oil-Rig Count

Baker Hughes BKR, -0.86% on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 189 this week. The increase followed an increase of 4 oil rigs in the previous week. The total active U.S. rig count, meanwhile, was up 5 to 266, according to Baker Hughes. November West Texas Intermediate crude CLX20, -4.46% continued to trade lower following the data, losing $1.39, or 3.6%, at $37.33 a barrel on the New York Mercantile Exchange.

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