Baker Hughes data show a third straight weekly decline in active U.S. oil-drilling rigs

Baker Hughes data show a third straight weekly decline in active U.S. oil-drilling rigs – MarketWatch

Myra P. Saefong , MarketWatch

SAN FRANCISCO/NEW YORK
Energiesnet.com 06 30 2023

Baker Hughes BKR, +0.80% on Friday reported that the number of active U.S. rigs drilling for oil fell by 1 to 545 this week.

The total active U.S. rig count, which includes those drilling for natural gas, declined by 8 to stand at 674, according to Baker Hughes.

The number of active natural-gas drilling rigs stood at 124, down 6 for the week. Oil prices continued to trade higher in Friday dealings, with August West Texas Intermediate crude CLQ23, 1.09% up 67 cents, or 1%, at $70.53 a barrel on the New York Mercantile Exchange.

marketwatch.com 06 30 2023

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