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

Published: Oct. 29, 2021 at 1:06 p.m. ET

By

Myra P. Saefong

Baker Hughes BKR, -0.99% on Friday reported that the number of active U.S. rigs drilling for oil rose by one to 444 this week. The weekly climb followed a modest fall of two rigs last week. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by two to stand at 544, according to Baker Hughes. December West Texas Intermediate crude CLZ21, +0.86% was trading modestly higher, up 28 cents, or 0.3%, at $83.09 a barrel on the New York Mercantile Exchange.

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Myra P. Saefong

Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.