The Miami Entrepreneur

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

Read Time:33 Second

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by three to 602 this week. That followed an increase of eight the week before. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one to 764, according to Baker Hughes. Oil prices continued their sharp decline, with November West Texas Intermediate crude down $4.54, or 5.4%, at $78.95 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.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Gold futures mark their lowest settlement since April 2020
Next post The Wall Street Journal: Waymo hires new finance chief who will focus on helping the company expand