Baker Hughes data show U.S. oil-rig count down for
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Posted On: 03/22/2019 6:00:02 PM
Baker Hughes data show U.S. oil-rig count down for a 5th straight week
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by nine to 824 this week. That followed four consecutive weeks of declines, with last week's figure down by just 1. The total active U.S. rig count also declined by 10 to 1,016, according to Baker Hughes. May West Texas Intermediate crude was down $1.35, or 2.3%, at $58.63 a barrel from Thursday's finish.
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