U.S. oil drillers cut rigs for first week since June -Baker Hughes
October 28, 2016 at 13:01 PM EDT
Oct 28 (Reuters) - U.S. oil drillers cut rigs this week for the first time since June, ending a 17-week recovery in the rig count, even as crude prices mostly held over $50 a barrel this month, the key level analysts said should lead to more drilling. Drillers cut 2 oil rigs in the week to Oct. 28, bringing the total rig count down to 441, compared with 578 rigs seen a year ago, according to energy services firm Baker Hughes Inc on Friday. That ended the longest s