The number of U.S. oil rigs rose by five this week to 664, oil-services firm Baker Hughes reported Friday. Compared to the same time last year, the number of U.S. rigs has fallen by 909, the firm said. Oil futures extended a decline in the wake of the data, with September WTI crude on Nymex down $1.22, or 2.5%, at $47.30 a barrel.
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