U.S. oil drillers cut rigs after 3 weeks of additions -Baker Hughes
June 24, 2016 at 13:03 PM EDT
June 24 (Reuters) - U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices pull back after a recent rally to an 11-month high over $51 a barrel. Despite a decline in U.S. crude to below $48 a barrel on Friday after Britain voted to leave the European Union, several companies said recently they plan to boost spending on new drilling with futures for the balance of the year and 2017 toppin