Thursday, March 24, 2016

UPDATE 1-U.S. drillers cut oil and gas rigs for 14th straight week -Baker Hughes

(Adds natural gas rigs) March 24 (Reuters) - U.S. energy firms this week cut oil and natural gas rigs for a 14th week in a row to the lowest level since at least 1940, data showed on Thursday, as energy firms continue to slash spending as part of the deepest energy price rout in a generation. Oil rigs alone fell 15 to 372, the lowest level since November 2009, oil services company Baker Hughes Inc said in its closely followed report. After last week fallin


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