* U.S. drillers cut most oil rigs since Feb. 2016 -Baker
* GRAPHIC-US/Russia/Saudi oil output: https://tmsnrt.rs/2Rua0R8
(Updates with settlement prices, market activity, adds
NEW YORK Oil prices fell nearly 2 percent on Friday as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by U.S.-China trade hopes, but clung to some gains from that rally to end the week higher.
NEW YORK Crude prices edged higher on Thursday, supported by comments from the U.S. Federal Reserve chairman that lifted equity markets, but a more than week-long oil rally slowed as optimism surrounding U.S.-China trade talks faded.
NEW YORK Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to trim output boosted oil prices.
NEW YORK Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh
(Updates throughout with afternoon trading, oil report)