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KM Financial Solutions | U.S. oil drillers cut rigs for first week in seven -Baker Hughes
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U.S. oil drillers cut rigs for first week in seven -Baker Hughes

08 Mar U.S. oil drillers cut rigs for first week in seven -Baker Hughes

Posted at 18:08h in News by
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March 9 (Reuters) – U.S. energy companies this week cut oil
rigs for the first time in seven weeks even as crude prices
hovered near a three-year high, prompting more drillers to boost
spending plans for 2018.
Drillers cut four oil rigs in the week to March 9, bringing
the total count down to 796, General Electric Co’s Baker
Hughes energy services firm said in its closely followed report
on Friday.
The U.S. rig count, an early indicator of future output,

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