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

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U.S. oil drillers cut rigs for first week in six -Baker Hughes

14 Dec U.S. oil drillers cut rigs for first week in six -Baker Hughes

Posted at 18:06h in News by KMFSLLP 0 Comments

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By Scott DiSavino
Dec 15 (Reuters) – U.S. energy companies this week cut oil
rigs for the first time in six weeks in spite of prices rising
close to their highest in over two years and drillers starting
to boost spending plans for next year.
The oil rig count fell by four to 747 in the week to Dec.
15, 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