U.S. oil drillers cut rigs for 5th week to **v 2009 lows -Baker Hughes

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U.S. oil drillers cut rigs for 5th week to **v 2009 lows -Baker Hughes

April 22 (Reuters) – U.S. energy firms cut oil rigs for a
fifth week in a row to the lowest level since **vember 2009, oil
services company Baker Hughes Inc said Friday, as energy
firms continue to slash spending despite a bigger than 60
percent spike in futures since hitting a near 13-year low in
February.
Drillers cut eight oil rigs in the week to April 22,
bringing the total rig count down to 343 Baker Hughes said in
its closely followed report.
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