Friday, April 15, 2016

U.S. oil drillers cut rigs for 4th week to Nov 2009 lows -Baker Hughes

April 15 (Reuters) - U.S. energy firms cut oil rigs for a

fourth week in a row to the lowest level since November 2009,

oil services company Baker Hughes Inc said Friday, as

energy firms keep slashing spending despite a more than 50

percent jump in crude futures since hitting a near 13-year low

in February.

Drillers cut 3 oil rigs in the week to April 15, bringing

the total rig count down to 351, Baker Hughes said in its

closely followed report.

The number of U.S.

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