UPDATE: Oil prices fall further as Baker Hughes reports a jump in the U.S. oil-rig count
Baker Hughes (BHGE) on Friday reported that the number of active (http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview) U.S. rigs drilling for oil jumped by 26 to 791 this week. That marked a third straight week of increases and the largest weekly rise in more than a year. The total active U.S. rig count, which includes oil and natural-gas rigs, also climbed by 29 to 975, according to Baker Hughes. March West Texas Intermediate crude fell $2.25, or 3.7%, from Thursday, to $58.90 a barrel, down from $59.17 shortly before the rig data (http://www.marketwatch.com/story/crude-oil-slides-for-6th-day-and-heads-for-76-weekly-slump-2018-02-09).
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
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02-09-18 1518ETCopyright (c) 2018 Dow Jones & Company, Inc.