Friday, June 24, 2016

UPDATE 1-U.S. oil drillers cut rigs after 3 weeks of additions -Baker Hughes

(Adds basins and states)

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 bal

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