Baker Hughes reports a second straight weekly increase in U.S. oil-drilling rigs
1:09 pm ET December 17, 2021 (MarketWatch) Print
Baker Hughes (BKR) on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 475 this week. The rig count was also up by four in the previous week, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by three to 579, according to Baker Hughes. Oil prices continued to trade lower in Friday dealings, with January West Texas Intermediate crude down $1.43, or 2%, at $70.95 a barrel on the New York Mercantile Exchange.
-Myra P. Saefong
(END) Dow Jones Newswires
December 17, 2021 13:09 ET (18:09 GMT)
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