U.S. drillers add most rigs in a week since January -Baker Hughes
March 24 U.S. drillers added oil rigs for a
tenth week in a row, doubling the rig count in a ten-month
recovery as energy companies boost spending on new production to
take advantage of a recovery in crude prices.
Drillers added 21 oil rigs in the week to March 24, the
biggest weekly increase since the week to Jan. 20, bringing the
total count up to 652, up from a six-year low of 316 in May,
energy services firm Baker Hughes Inc said on Friday.