Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up 15 at 859 this week. That was the largest weekly rise since the week ended Feb. 9. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 13 to 1,059, according to Baker Hughes. July West Texas Intermediate crude fell further after the rig data, down $3.10, or 4.4%, to $67.61 a barrel, compared with $67.75 a barrel before the Baker Hughes numbers.
Read the full story: Oil drops to multiweek low as OPEC, Russia talk output increase