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Oil holds sharp gain after Baker Hughes weekly rig count data show oil rigs jumped by 10 … MARKETWATCH August 10, 2018 at 06:25PM

Oil holds sharp gain after Baker Hughes weekly rig count data show oil rigs jumped by 10 … MARKETWATCH

 

Oil holds sharp gain after Baker Hughes weekly rig count data show oil rigs jumped by 10

By MARK DECAMBRE

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil increased by 10 to 869 for the week, coming after the report showed a decline of 2 in the earlier period.

September West Texas Intermediate crude traded at $67.55 a barrel, up 75 cents, or 1.1%, in Friday action, little changed from trade prior the report.

The total active U.S. rig count, which includes oil and natural-gas rigs, increased by 13 to 1,057 from 1,044, according to Baker Hughes.

 

Read More: Oil holds sharp gain after Baker Hughes weekly rig count data show oil rigs jumped by 10 … MARKETWATCH

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