U.S. oil drillers cut rigs for 3rd week in four as recovery stalls -Baker Hughes
September 08, 2017 at 13:09 PM EDT
Sept 8 (Reuters) - U.S. energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines. Drillers cut three oil rigs in the week to Sept. 8, bringing the total count down to 756, the least since June, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. That compares with 414 activ