Friday, June 24, 2016

U.S. oil drillers cut rigs after 3 weeks of additions -Baker Hughes

June 24 (Reuters) - U.S. oil drillers cut rigs this week for

a 20th week this year after three weeks of additions, according

to a closely followed report on Friday, as crude prices pull

back after a recent rally to an 11-month high over $51 a barrel.

Despite a decline in U.S. crude to below $48 a barrel on

Friday after Britain voted to leave the European Union, several

companies said recently they plan to boost spending on new

drilling with futures for the balance of the year and 2017

toppin

Read more

No comments:

Post a Comment