Baker Hughes data show U.S. oil-drilling rigs up by 13 for the week

Baker Hughes on Thursday reported that the number of active U.S. rigs drilling for oil climbed by 13 to 337 this week. The data were released a day early because markets will be closed for Good Friday. The total active U.S. rig count, which includes those drilling for natural gas, was also up by 13 at 430, according to Baker Hughes. May West Texas Intermediate crude continued to climb as traders weighed a decision by major oil producers to gradually raise production from May through July. The contract was up $1.80, or 3%, to $60.96 a barrel on the New York Mercantile Exchange.

Baker Hughes data show U.S. oil-drilling rigs up by 13 for the week

Bread cook Hughes on Thursday detailed that the quantity of dynamic U.S. rigs penetrating for oil moved by 13 to 337 this week. The information were delivered a day ahead of schedule since business sectors will be shut for Good Friday. The absolute dynamic U.S. rig tally, which incorporates those penetrating for gaseous petrol, was additionally up by 13 at 430, as indicated by Baker Hughes. May West Texas Intermediate unrefined kept on moving as brokers gauged a choice by significant oil makers to steadily raise creation from May through July. The agreement was fulfilled $1.80, or 3%, to $60.96 a barrel on the New York Mercantile Exchange.