Friday, November 18, 2016

U.S. drillers this week add most oil rigs in 16 mths -Baker Hughes

Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs

this week, the biggest hike since July 2015, as shale producers

cautiously redeploy cash amid OPEC's plans to curb production

and after Donald Trump's presidential election victory.

Drillers added 19 oil rigs in the week to Nov. 18, bringing

the total count up to 471, the most since January, but still

below the 564 rigs seen a year ago, energy services firm Baker

Hughes Inc said on Friday.

Since U.S. crud

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