U.S. oil
drillers cut
rigs as
crude prices collapse ?
Baker Hughes
July 17 (Reuters) -
U.S. energy firms cut seven oil
rigs this week after adding
rigs for the last two weeks as
U.S. crude prices fell nearly 15 percent this month in the biggest slump since December, data showed on Friday, a sign some
drillers were waiting for higher
prices before returning to the well pad.
