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KM Financial Solutions | U.S. oil drillers cut rigs for a third week in a row -Baker Hughes
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U.S. oil drillers cut rigs for a third week in a row -Baker Hughes

19 Oct U.S. oil drillers cut rigs for a third week in a row -Baker Hughes

Posted at 17:06h in News by
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By Scott DiSavino
Oct 20 (Reuters) – The U.S. oil rig count fell for a third
week in a row, extending a two-month drilling decline, although
producers have sharply ramped up bets against a fall in oil
prices, which could spur another investment surge.
The oil rig count fell seven to 736 in the week to Oct. 20,
the lowest level since June, General Electric Co’s Baker
Hughes energy services firm said in its closely followed report
on Friday.
The ri

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