U.S. oil rig count set for biggest quarterly rise in 2 years -Baker Hughes
September 23, 2016 at 13:10 PM EDT
Sept 23 (Reuters) - U.S. drillers this week added oil rigs for a 12th week in the past 13 and were on track to add the most rigs in a quarter since crude prices plummeted two years ago, although the momentum has slowed as prices hold below $50 a barrel. Drillers added two oil rigs in the week to Sept. 23, bringing the total rig count up to 418, the most since February but still below the 641 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday.