2018Feb

FCN: Baker Hughes reports first fall in U.S. oil-rig count in 7 weeks … MARKETWATCH March 09, 2018 at 06:50PM

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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by four to 796 this week.

The oil-rig count had climbed in each of the past six weeks.

The total active U.S. rig count, which includes oil and natural-gas rigs, however, edged up by three to 984, according to Baker Hughes.

April West Texas Intermediate crude clh8 was up $1.65, or 2.7%, from Thursday, to $61.77 a barrel, up a bit from $61.73 shortly before the rig data.

Read More… Like : Baker Hughes reports first fall in U.S. oil-rig count in 7 weeks … MARKETWATCH March 09, 2018 at 06:50PM

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