U.S. oil drillers cut rigs for 8th week to Oct 2009 lows -Baker Hughes

By Scott DiSavino May 13 (Reuters) - U.S. oil drillers cut rigs for an eighth week in a row to the lowest level since October 2009, oil services company Baker Hughes Inc said Friday, even with futures at six-month highs as some energy firms focus on completing wells rather than drilling new ones. Drillers cut 10 oil rigs in the week to May 13, bringing the total rig count down to 318, Baker Hughes said in its closely followed report. The number of U.S. oil rigs