U.S. oil drillers cut rigs despite $50 crude -Baker Hughes

By Scott DiSavino May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, despite crude prices this week testing a seven-month high at $50 a barrel. That is a key level that analysts and producers said would trigger a return to the well pad. Drillers cut 2 oil rigs in the week to May 27, bringing the total rig count down to 316, the lowest level since October 2009 and about half the 646 rigs a year ago,