: Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs
Baker Hughes [s: bkr] on Friday reported that the number of active U.S. rigs drilling for oil rose by eight to 610 this week. That followed a decline of two in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by seven to 769, according to Baker Hughes. Oil prices continued to trade lower, with November West Texas Intermediate crude CLX22 down $3.08, or 3.5%, at $86.03 a barrel on the New York Mercantile Exchange.
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.