Friday, September 9, 2016

UPDATE 1-U.S. oil drillers add rigs in longest streak in 5 years -Baker Hughes

(Adds February benchmark for oil rig count)

Sept 9 (Reuters) - U.S. drillers this week added oil rigs

for a tenth week in the past 11, according to a closely followed

report on Friday, the longest streak of not cutting rigs since

2011, as the rig count recovered to February levels.

After falling 206 rigs in the first half of the year, the

rig count has increased or held steady every week so far this

quarter. The rig count plunged from a high in October 2014 after

crude prices collapse

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