Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs

Baker Hughes
BKR,
+0.41%
on Friday reported that the number of active U.S. rigs drilling for oil rose by five to 623 this week. That followed a decline of three in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by three to 775, according to Baker Hughes. Oil prices continued to trade higher, with February West Texas Intermediate crude
CLG23,
+0.25%
up $1.19, or 1.5%, at $79.58 a barrel on the New York Mercantile Exchange.