Baker Hughes data show a fifth consecutive weekly decline in the U.S. oil-rig count

Baker Hughes Co.

BKR, +0.22%

on Friday reported that the number of active U.S. rigs drilling for oil fell by 3 to 671 this week. That followed declines in each of the last four weeks. The total active U.S. rig count, meanwhile, also fell by 3 to 803, according to Baker Hughes. Oil prices pared some of their losses, with January West Texas Intermediate crude

CLF20, -1.49%

down 51 cents, or 0.9%, at $58.07 a barrel, up from $57.84 before the rig data.

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