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Oil prices slide after U.S. drillers add rigs

Reuters  |  NEW YORK 

By Scott DiSavinoNEW YORK (Reuters) - Crude was down slightly on Friday as expectations that OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to grow. U.S. energy companies added nine oil drilling rigs this week, the second increase in three weeks, bringing the total count up to 738, General Electric Co's Baker Hughes energy services firm said in its closely followed report. [RIG/U]Brent futures fell 41 cents, or 0.6 percent, to $63.52 a barrel, while U.S. West Texas ...

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First Published: Sat, November 11 2017. 03:12 IST