U.S. drillers cut oil rigs for second week in three – Baker Hughes

By Jessica Resnick-Ault Aug 18 (Reuters) – U.S. energy firms cut oil rigs for asecond week in three, data showed on Friday, with drillerscutting spending plans in reaction to declining crude prices. Drillers cut five oil rigs in the week to Aug. 18, bringingthe total count down to 763, General Electric Co’sBakerHughes energy services firm said in its report on Friday. That compares with 406 active oil rigs during the same weeka year ago. Drille
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