Baker Hughes reports a weekly climb in the U.S. oil-rig count, the first in 4 weeks
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 3 to 800 this week. That followed declines over each of the last three weeks. The total active U.S. rig count, meanwhile, edged up by 1 to 984, according to Baker Hughes. July West Texas Intermediate crude fell further, down $1.85, or 3.3%, to $54.74 a barrel. It was at $54.87 shortly before the rig data.
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