Weekly Rig Count Report: U.S. Added 6 While Canada Lost 54

Weekly Rig Count Report: U.S. Added 3 To 981, Canada Lost 4 To 302

Stocks lost ground on Friday to finish 2015's first full week of trading with slight losses. The jobs report on Friday morning beat expectations, but after big rallies on Wednesday and Thursday, stocks couldn't hold their gains into the weekend. First, the scoreboard:

Peter Nicholls / ReutersStocks closed little changed on Friday after the jobs report showed a smaller gain than expected. The S&P 500 logged a weekly loss for the first time in four weeks.  First, the scoreboard:

The biggest retreat from U.S. oil fields on record is showing signs of subsiding. Oil explorers sidelined 41 drilling rigs this week, the smallest drop in three weeks and down from the average 59-rig decline in February. The count has fallen for 15 straight weeks to 825, reaching the lowest level in more than five years, Baker Hughes Inc. said on its website Friday.

Baker Hughes Incorporated (NYSE:BHI) released weekly data on the North American rig count this Friday. The US petroleum rig count fell from 1,267 to 1,192, and hit a fresh low since April 2011. As the news crossed wires, Baker Hughes stock declined to 1.9% at $60.92, as of the closing bell.

Karen Ducey/GettyOilfield-services giant Baker Hughes will release its weekly count of US oil and gas rigs at 1 p.m. ET.  The oil-rig count is a key proxy for US production levels and shale-industry investment. Robust output has undermined efforts by the Organization of Petroleum Exporting countries to lift prices by cutting output. 

Drew Angerer/GettyUS stocks rose after a stronger-than-forecast jobs report for February, but not by enough to avoid the first weekly loss since mid-January. Here's the scoreboard: