U.S. Oil-Rig Count Falls by Two in Latest Week, Baker Hughes Says
By Dave Sebastian
The number of rigs drilling for oil in the U.S. fell by two in the latest week to 443, according to oil-field services company Baker Hughes Co.The oil-rig count was 232 higher than a year earlier, Baker Hughes said Friday.The nation's gas-rig count rose by one to 99 in the latest week, and was up by 26 compared with the same week last year.The U.S. offshore-rig count rose by one to 13 this week and is unchanged from the year-ago period.The U.S. oil-rig count is viewed as a proxy for activity in the sector. The metric peaked at 1,609 in October 2014.Global oil benchmark Brent crude rose to about $85.46 a barrel Friday. West Texas Intermediate crude, the U.S. benchmark, rose to about $83.64 a barrel.dave.sebastian@wsj.comWrite to Dave Sebastian at dave.sebastian@wsj.com
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