Oil futures fall additional after Baker Hughes studies upward thrust in U.S. rig counts

Oil futures lost extra ground Friday after Baker Hughes BHI, +zero.89% showed that the weekly number of active U.S. rigs drilling for crude rose with the aid of 9 to 325 as of Friday. the full U.S. rig depend climbed with the aid of 4 to 408. July crude CLN6, -1.38% was at $ 48.35 a barrel on the new York Mercantile trade, down eighty two cents, or 1.7%, from Thursday’s contract. It was once trading at $ forty eight.70 prior to the data.

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