Oil remains lower after rise in U.S. rig count

Oil futures remained under pressure Friday after oilfield-services company Baker Hughes Inc. said the number of U.S. oil rigs rose by 5 this week to 226. That remains well off the year-ago number of 685. West Texas Intermediate crude for December delivery
CL.1,
+0.94%
was down $1.50, or 3.8%, at $37.29 a barrel on the New York Mercantile Exchange.