Baker Hughes reports a weekly decline in the U.S. oil-rig count

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 at 747 this week. The oil-rig count had climbed by 10 last week. The total active U.S. rig count, which includes oil and natural-gas rigs, also declined by 3 to 936, according to Baker Hughes. February West Texas Intermediate crude was down 61 cents, or 1%, from Thursday, to $63.34 a barrel–up from $63.29 shortly before the rig data.

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