U.S. oil drillers cut rigs for 6th week to Nov 2009 lows -Baker Hughes
April 29, 2016 at 13:03 PM EDT
April 29 (Reuters) - U.S. energy firms cut oil rigs for a sixth week in a row to the lowest level since November 2009, oil services company Baker Hughes Inc said Friday, as drillers remained cautious in returning to the well pad despite crude futures climbing to their highest levels this year. Drillers cut 11 oil rigs in the week to April 29, bringing the total rig count down to 332, Baker Hughes said in its closely followed report. The number of U.S. oil rigs cur