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Baker Hughes data show U.S. oil-drilling rigs up by 7 for the week

Myra P. Saefong
Baker Hughes data show U.S. oil-drilling rigs up by 7 for the week
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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by 7 at 344 this week. The total active U.S. rig count, which includes those drilling for natural gas, was also up by 7 at 439, according to Baker Hughes. May West Texas Intermediate crude continued to pull back after four consecutive session gains. The contract was down 18 cents, or 0.3%, to $63.28 a barrel on the New York Mercantile Exchange.