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U.S. oil drillers cut three oil rigs

Staff Writer |
Drillers cut three oil rigs in the week to September 28, bringing the total count down to 863, General Electric’s Baker Hughes said.

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For the third quarter, the increase of five oil rigs was the smallest since drillers cut three rigs in the fourth quarter of 2017. They added 50 rigs in the first quarter and 61 rigs in the second quarter of 2018.

For the month of September, meanwhile, the oil rig count was up one, the same rise as in August.

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