Oil futures end mixed; Baker Hughes data show oil-rig count fall

Crude-oil futures finished mixed on Friday in an up-and-down trading day as the December West Texas Intermediate oil contract expired.

The expiration of the December contract CLZ5, -2.72%  on Friday increased volatility, leading to swings in prices as traders rolled over to the most-active January contract. December crude settled down 35 cents, or 0.9%, to finish at $40.39 a barrel. January WTI CLF6, -1.93%  ended 18 cents, or 0.4%, higher at $41.90/bbl. on the New York Mercantile Exchange.

Earlier in the session, weekly data from Baker Hughes showed that the number of U.S. oil-drilling rigs fell by 10 to 564 as of Friday. Natural gas rigs were unchanged at 193 but the fall in oil rigs helped shave the total rig-count number down to 757 rigs for the week.

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