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

Clyde Edgerton by Clyde Edgerton
April 21, 2023
in Markets
Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs
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Baker Hughes BKR on Friday reported that the weekly number of active U.S. rigs drilling for oil climbed for the first time in four weeks, up by three to 591 this week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by five to 753, according to Baker Hughes. Oil prices continued to trade higher, with the June West Texas Intermediate crude contract CLM23 up 43 cents, or 0.6%, at $77.80 a barrel on the New York Mercantile Exchange.

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