Baker Hughes reports first weekly rise in U.S. oil-rig count in 5 weeks

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.

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