Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by 10 at 752 this week. The oil-rig count had fallen by 5 last week, and it hasn’t posted a rise since the week ended Dec. 8. The total active U.S. rig count, which includes oil and natural-gas rigs, also rose by 15 to 939, according to Baker Hughes. February West Texas Intermediate crude was up 15 cents, or 0.2%, from Thursday, to $63.95 a barrel, up a bit from shortly before the rig data, but well below the day’s high of $64.23.
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.
From:: Stock Market News