Friday, December 23, 2016

U.S. drillers add oil rigs for 8th week in a row -Baker Hughes

Dec 23 (Reuters) - U.S. energy companies added oil rigs for

an eighth week in a row, extending a seven-month drilling

recovery as crude prices remained near a 17-month high.

Drillers added 13 oil rigs in the week to Dec. 23, bringing

the total count up to 523, the most since December 2015, but

still below the 538 rigs seen a year ago, energy services firm

Baker Hughes Inc said on Friday.

Since crude prices recovered from 13-year lows in February

to around $50 a bar

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