U.S. energy firms cut the number of oil rigs operating for a third week in a row as a 14-month drilling recovery stalled as companies pared back on spending plans when crude prices were softer. Drillers cut five oil rigs in the week to September 22, bringing the total count down to 744, the least since June, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That put the rig count on track for a second month of losses in a row and also its biggest monthly decline since May 2016. It was also on track for its first reduction in rigs over a three-month period since the second quarter of 2016. The rig count, an early indicator of future […]