U.S. oil drillers cut rigs for 4th week to Nov 2009 lows -Baker Hughes
April 15, 2016 at 13:03 PM EDT
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.