U.S. oil drillers cut rigs for ninth week in ten -Baker Hughes
0
Jan 22 (Reuters) - U.S. energy firms this week cut oil rigs for a ninth week in the last ten, data showed on Friday, and were expected to shed more in coming weeks due to a recent collapse in crude prices to the lowest levels since 2003. Drillers removed five oil rigs in the week ended Jan. 22, bringing the total rig count down to 510, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report. That compares with 1,317 oil rigs operating in same