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Baker Hughes Reports Third Straight Oil Rig Count Uptick as Crude Climbs

Baker Hughes (BHI) reported a third consecutive weekly uptick in U.S. oil rigs, marking the sixth active rig increase reported by the oilfield services giant in the past seven weeks.

The Houston company said Friday that U.S. oil rigs were up to 357 this week, an increase of six rigs over last week.

Meanwhile, U.S. natural gas rigs were up one to 89 from 88 last week and miscellaneous rigs were once again stagnant at 1.

The U.S. offshore count registered a...