Home Save Stretch your dollar Oil futures remain lower as Baker Hughes reports small decline in U.S. oil-rig count
Oil futures remain lower as Baker Hughes reports small decline in U.S. oil-rig count

Oil futures remain lower as Baker Hughes reports small decline in U.S. oil-rig count

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Oil futures remained lower on Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil fell by 2 to 441 rigs this week. That marks the first weekly decline since June. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 4 to 557, Baker Hughes said. December crude fell 54 cents, or 1.1%, to $49.17 a barrel on the New York Mercantile Exchange, trading close to the same level it was at before the rig data.

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