Friday, November 11, 2016

U.S. drillers add oil rigs for 21st week in 24 -Baker Hughes

Nov 11 (Reuters) - U.S. oil drillers increased rigs this

week for a 21th week in the last 24, as energy firms follow

through on plans to add rigs made months ago when crude was

still trading over the key $50 a barrel level analysts said

should lead to more drilling.

Drillers added two oil rigs in the week to Nov. 11, bringing

the total count up to 452, the most since February, but still

below the 574 rigs seen a year ago, energy services firm Baker

Hughes Inc said on Friday. <RIG-OL-USA-B

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