REFILE-BUZZ-Oil drillers: Oil prices at fresh 5-1/2-year lows

Tue Jan 6, 2015 1:39pm EST
 
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(Corrects to add dropped word "oil" in headline)

** Drillers' shares continue to fall as oil prices slide to fresh 5-1/2-year lows

** Oil prices have been dipping on concerns of a supply glut and lackluster demand, losing more than half their value since a peak in June last year

** Brent crude falls to low of $50.96/bbl, its lowest since May 2009

** U.S. crude drops to $47.74/bbl, its lowest since April 2009 [ID: nL3N0UL2I6]

** Shares of Paragon Offshore Plc fall 11.5 pct to $2.59, Hercules Offshore Inc 10 pct to 85 cents, Diamond Offshore Drilling Inc 5.2 pct to $35.29

** Shares of Helmerich & Payne Inc fall 3.4 pct to $63.26, Patterson-UTI Energy Inc 3 pct to $15.30, Nabors Industries Ltd 2.8 pct to $11.64