Oil Falls Again, Iran Say No March Cut and Saudi Arabia Counts Rig Count

"Oil Falls More Than $4 on Signs Recession Is Deepening, Curbing Fuel Use"
Crude oil fell more than $4 a barrel, the biggest decline in seven weeks, on signs that the recession in the world’s major energy consuming countries is deepening....Complete Story

"Oil Faces Hardening $50 Resistance, PetroMatrix Says: Technical Analysis"
Crude oil’s recovery may be shackled by strengthening resistance at $50 a barrel, according to analysis by consultant PetroMatrix GmbH....Complete Story

"Iran's oil minister sees no OPEC output cut in March"
Iran's Oil Minister Gholam-Hossein Nozari said that the Organization of Petroleum Exporting Countries(OPEC) would not cut its output in March, the satellite Press TV reported on Sunday. "I do not think we move....Complete Story

"Saudi Arabia to Cut Drilling Rigs Amid Lower Oil Demand"
Saudi Arabia, the world's largest oil exporter, is expected to cut the number of oil rigs by as much as 20% until year-end amid lower crude output....Complete Story

"Wrong Reason to Tap Reserves"
Unlike some of the other black holes into which Washington pours money these days, the Strategic Petroleum Reserve's value is grasped easily. If needed, it could replace about 44% of daily U.S. oil....Complete Story