Published November 4, 2016 1:10pm EDT | Updated November 4, 2016 2:04pm EDT

Oil Futures Continue To Decline As Baker Hughes Reports Rise In U.S. Oil-rig Count

Oil futures continued to decline on Friday after data from Baker Hughes revealed that the number of active U.S. rigs drilling for oil rose by 9 to 450 rigs this week. The total active U.S. rig count, which includes oil and natural-gas rigs, climbed by 12 to 569, Baker Hughes said. December crude was down 64 cents, or 1.4%, to $44.02 a barrel on the New York Mercantile Exchange, holding near the level it traded at before the rig data.