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

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by 10 at 397 this week. That was the largest weekly increase since the 13-rig increase reported by Baker Hughes on April 1. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by nine to stand at 500, according to Baker Hughes. September West Texas Intermediate crude continued to trade lower, with the contract down 77 cents, or 1.1%, to $68.32 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Baker Hughes data show a weekly jump in U.S. oil-drilling rigs
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by 10 at 397 this week. That was the largest weekly increase since the 13-rig increase reported by Baker Hughes on April 1. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by nine to stand at 500, according to Baker Hughes. September West Texas Intermediate crude continued to trade lower, with the contract down 77 cents, or 1.1%, to $68.32 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.