UPDATE 1-U.S. oil drillers cut rigs despite price recovery -Baker Hughes

(New throughout, adds production data)

By Scott DiSavino

May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth

week in the last 10, energy services company Baker Hughes Inc

said on Friday, even as crude prices this week tested a

seven-month high at $50 a barrel.

Prices were on track to recover for seven out of the last

eight weeks, and are now at the high end of a level that

analysts and producers had said could soon trigger a return to

the well pad.

Drillers cut two oil

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