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

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

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Myra P. Saefong, MarketWatch

SAN FRANCISCO
EnergiesNet.com 02 17 2023

Baker Hughes BKR, -5.18% on Friday reported that the number of active U.S. rigs drilling for oil fell by two to 609 this week. That followed a climb of 10 oil rigs last week. The total active U.S. rig count, which includes those drilling for natural gas, also declined by one to 760, according to Baker Hughes. Oil prices continued to trade lower, with the March West Texas Intermediate crude contract CLH23, +0.79% down $2.66, or 3.4%, at $75.83 a barrel on the New York Mercantile Exchange.

marketwatcj.com 02 17 2023

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