Baker Hughes (BKR) on Friday reported that the number of active U.S. rigs drilling for oil ( ) edged down by seven to 199 this week. The number of oil rigs has seen much larger weekly declines in recent weeks, but have been falling on a weekly basis since mid-March. The total active U.S. rig count, meanwhile, also fell by five to 279, according to Baker Hughes. July West Texas Intermediate crude held onto a modest loss ( ), trading down 11 cents, or 0.3%, at $36.23 a barrel.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 12, 2020 15:25 ET (19:25 GMT)
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