Industries: Energy & Oil News

Crude Oil Falls After U.S. Service-Industries Report Dims Economic Outlook

Oil declined for a second day after service industries grew in August at the weakest pace in seven months, signaling that the U.S. economic rebound may slow.
Hedge Funds Turn Gasoline Bears First Time in Four Years: Energy Markets

Hedge-fund bets against gasoline exceeded wagers that prices will rise for the first time in almost four years as the fuel fell in the final week of the U.S. driving season.
Saudi Arabia Raises Prices of Crude Oil Sold to All Customers in October

Saudi Aramco, the world’s largest state-owned oil company, raised official selling prices for all crude grades for customers in Asia, the U.S., Northwest Europe and the Mediterranean Sea for October.
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U.S. Probes Mariner Fire in Gulf of Mexico That Sparked BP Spill Deja Vu

U.S. officials are investigating the cause of a fire yesterday on a Mariner Energy Inc. oil and natural-gas platform in the Gulf of Mexico that initially drew parallels with the BP Plc spill disaster.