Friday, July 1, 2016

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

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, bringing

the total rig count up to 341, compared with 640 a year ago,

energy services firm Baker Hughes Inc said.

Before this week, drillers added oil rig

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