(Reuters) – U.S. oil drillers cut rigs for a second week since January as crude prices have declined in recent months despite an OPEC-led effort to cut production and end a multi-year glut. Analysts, however, noted weekly declines in the rig count were likely just a brief pause in a drilling recovery expected to continue through at least 2019. Drillers cut 1 oil rig in the week to July 21, bringing the total count down to 764, General Electric Co’s Baker Hughes energy services firm said in its closely followed report on Friday. That compares with 371 active oil rigs during the same week a year ago. Drillers have added rigs in 54 of the past 60 weeks since the start of June 2016. The rate of those additions, however, has slowed over the past few months with declining oil prices. Rig additions over the past four weeks averaged […]