"Crude Oil Futures Decline on Speculation That U.S. Recession is Deepening"
Crude oil fell the most in two weeks after a report that U.S. home prices tumbled, a sign that the recession in the biggest energy-consuming country is deepening....Complete Story
"Shell Unloads Oil Cargo, Phibro Tanker Lifts Anchor as Contango Disappears"
Royal Dutch Shell Plc sold a cargo of crude stored off the U.K. and a vessel hired by Citigroup Inc.’s Phibro LLC left its anchorage in Scotland for the U.S. as the incentive to keep oil in tankers disappears....Complete Story
"Baker Hughes Will Cut 1,500 Jobs, Including 200 in Houston"
Baker Hughes has begun laying off nearly 4% of its global work force, including some employees in Houston, making it the latest major oil field services company to announce cuts in response to building industry headwinds....Complete Story
