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Baker Hughes data show U.S. oil-drilling rigs up a fourth week in a row

Baker Hughes data show U.S. oil-drilling rigs up a fourth week in a row
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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by seven at 387 this week. That marked a fourth weekly rise in a row. The total active U.S. rig count, which includes those drilling for natural gas, also rose by seven to stand at 491, according to Baker Hughes. September West Texas Intermediate crude traded little changed, with the contract up 4 cents, or less than 0.1%, to $71.95 a barrel on the New York Mercantile Exchange.