Baker Hughes on Friday reported a small drop in rig counts for the week, with rigs drilling for gas down by two to 182, while those drilling for oil remained unchanged at 747. Over the year, however, total rigs have climbed by 271 to a total rig count at 929, according to Baker Hughes . Crude-oil futures were little changed after the weekly rig count report was released, with prices holding at 2 1/2-year highs. West Texas Intermediate oil for February delivery was up 44 cents, or 0.8%, at $60.28 a barrel. Trading in the last day of 2017 was light, with oil drifting higher on the back of a bigger-than-expected decline in crude supplies.
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