Baker Hughes data show a second straight weekly decline in active U.S. oil-drilling rigs

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by five to 591 this week. That followed a decline of nine oil rigs the week before. The total active U.S. rig count, which includes those drilling for natural gas, declined by one to 759, according to Baker Hughes. Oil prices continued to trade higher. October West Texas Intermediate crude was up $3.41, or 4.1%, at $86.95 a barrel on the New York Mercantile Exchange.

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