MarketWatch -Baker Hughes reports a second straight weekly increase in U.S. oil-drilling rigs - EnergiestNet

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MarketWatch -Baker Hughes reports a second straight weekly increase in U.S. oil-drilling rigs

Jim Urquhart/Reuters

By Myra P. Saefong/MarketWatch

SAN FRANCISCO
EnergiesNet.ciom 01 11 2022

Baker Hughes BKR, -0.19% on Friday reported that the number of active U.S. rigs drilling for oil rose by four to 475 this week. The rig count was also up by four in the previous week, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed by three to 579, according to Baker Hughes. Oil prices continued to trade lower in Friday dealings, with January West Texas Intermediate crude clf22 down $1.43, or 2%, at $70.95 a barrel on the New York Mercantile Exchange.

By Myra P. Saefong from MarketWatch
markewatch.com 01 07 2022

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