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Oil futures settle sharply higher amid tight supplies at the U S storage hub
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Baker Hughes data show a third-straight weekly climb in U S oil-drilling rigs
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Baker Hughes data show a second-straight weekly climb in U S oil-drilling rigs
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Oil futures fall, with U S prices retreating from their highest level since 2018
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Baker Hughes data show U.S. oil-drilling rigs up by 13 for the week
Baker Hughes on Thursday reported that the number of active U.S. rigs drilling for oil climbed by 13 to 337 this week. The data were released a day early because markets will be closed for Good Friday. The total active U.S. rig count, which includes those drilling for natural gas, was also up by 13 at 430, according to Baker Hughes. May West Texas Intermediate crude continued to climb as traders weighed a decision by major oil producers to gradually raise production from May through July. The contract was up $1.80, or 3%, to $60.96 a barrel on the New York Mercantile Exchange.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.