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Oct. 30, 2020, 1:10 p.m. EDT

Baker Hughes data show U.S. oil-rig count up for a sixth week in a row

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    Baker Hughes Co. (BKR)

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By Myra P. Saefong

BKR

Baker Hughes /zigman2/quotes/205323712/composite BKR +3.22% on Friday reported that the number of active U.S. rigs drilling for oil rose by 10 to 221 this week. That followed increases in each of the last five weeks. The total active U.S. rig count, meanwhile, was up 9 to 296, according to Baker Hughes. December West Texas Intermediate crude continued to trade lower following the data, losing 88 cents, or 2.4%, at $35.29 a barrel on the New York Mercantile Exchange.

/zigman2/quotes/205323712/composite
US : U.S.: NYSE
$ 19.85
+0.62 +3.22%
Volume: 3.02M
Dec. 2, 2020 1:42p
P/E Ratio
N/A
Dividend Yield
3.62%
Market Cap
$19.90 billion
Rev. per Employee
$346,621
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