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U.S. oil drillers cut rigs for 2nd week in 7 months -Baker

Jan 13 (Reuters) – U.S. oil drillers cut rigs this week for
only the second week in the last seven months, likely just a
brief pause in a recovery expected to last into 2018 as shale
producers plan to boost spending as crude prices hold near an
18-month high.
Drillers cut seven oil rigs in the week to Jan. 13, bringing
the total rig count down to 522, compared with 515 rigs seen a
year ago, according to energy services firm Baker Hughes Inc
on Friday.
That decline

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Energy

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