Market Pulse Baker Hughes data log first fall in weekly U.S. oil-rig count in 9 weeks
11/20/20 1:14 PM ET (MarketWatch)
Baker Hughes (BKR) on Friday reported that the number of active U.S. rigs drilling for oil ( https://bakerhughesrigcount.gcs-web.com/na-rig-count) fell by 5 to 231 this week. That followed increases in each of the last eight weeks. The total active U.S. rig count, which includes those drilling for natural gas, was also down by 2 to 310, according to Baker Hughes. December West Texas Intermediate crude , which expires at the end of the session, continued to trade higher ( http://www.marketwatch.com/story/oil-prices-on-track-for-weekly-gain-on-covid-vaccine-hopes-11605879141) following the data, tacking on 18 cents, or 0.4%, at $41.92 a barrel on the New York Mercantile Exchange.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
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November 20, 2020 13:14 ET (18:14 GMT)
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