Friday, September 2, 2016

U.S. oil drilling rig count rises for ninth week in 10 -Baker Hughes

Sept 2 (Reuters) - The U.S. oil drilling rig count rose this

week for the ninth week in ten, but the pace of additions slowed

as crude prices hold below the key $50-a-barrel mark that

analysts and drillers say makes drilling more viable.

The U.S. oil rig count rose by one to reach 407 for the week

ended Sept. 2, compared with 662 a year ago, data from oil

services company Baker Hughes Inc showed on Friday.



The rig count was unchanged last week. Prior to that, it

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