UPDATE 1-U.S. oil drillers add rigs for 5th week in six -Baker Hughes
July 08, 2016 at 13:14 PM EDT
(Adds Permian rig count in paragraph) July 8 (Reuters) - U.S. drillers this week added oil rigs for a fifth week in six, according to a closely followed report Friday, prompting analysts to predict the rig count has bottomed and production will start to edge up early next year. Drillers added 10 oil rigs in the week to July 8, bringing the total rig count up to 351, compared with 645 a year ago, energy services firm Baker Hughes Inc said. Before this week, d