Baker Hughes data show active U.S. oil rigs up an 11th week in a row

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Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 4 to 299 this week. That followed increases in each of the last 10 weeks. The total active U.S. rig count, which includes those drilling for natural gas, was up by 8 at 392, according to Baker Hughes. March West Texas Intermediate crude held onto its gains following the data, up 56 cents, or 1%, to $56.79 a barrel on the New York Mercantile Exchange.