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U.S. oil-rig count posts weekly climb, up 5 months in a row

Baker Hughes

BHI, -1.01%

on Friday reported that the number of active U.S. rigs drilling for oil climbed by 11 to 733 rigs this week. That marked a 20th weekly rise in a row, or roughly five months. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 8 to 916, according to Baker Hughes. Oil prices appeared unfazed in the wake of the data. July West Texas Intermediate crude

CLN7, -1.10%

was down 51 cents, or 1.1%, to $47.85 a barrel on the New York Mercantile Exchange, little changed from its level before the data.

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