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UPDATE 1-U.S. oil drillers add rigs despite crude price collapse-Baker Hughes

2015-07-25 10:33:49| Oil & Gas - Topix.net

U.S. oil producers added 21 oil rigs in the past week, the most in over a year, data showed on Friday, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down. Oil producers, who cut rigs in the face of falling prices late last year, began to add rigs back in the week ending July 2, oil services company Baker Hughes Inc said in its closely followed report.

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