UPDATE 1-U.S. oil drillers add rigs for 4th week in five -Baker Hughes

(Adds benchmarks, basin and offshore details, total average

cuts in the first half of 2016)

July 1 (Reuters) - U.S. drillers this week added oil rigs

for a fourth week in five, according to a closely followed

report Friday, in the best month of producers returning to the

well pad since August that signaled a near-two year rout in

drilling may have ended.

Drillers added 11 oil rigs in the week to July 1, the

biggest weekly increase since December, bringing the total rig

count up to 341

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