#USOIL# TVC:USOIL

Oil prices tumbled on Friday morning, preparing to finish out the week $3 per barrel less than last Friday’s level. It is the largest weekly drop since June. U.S. oil futures were already at their lowest point since July on Wednesday. At 11:00 am EDT, the WTI spot price was $40.26 (-2.68%), nearly $

The crude oil markets fell during the trading session on Friday, breaking through minor support levels to show signs of accelerating negative momentum. WTI Crude Oil The West Texas Intermediate Crude Oil market has broken down a bit during the trading session on Friday, slicing through the 50 day EM

Oil futures declined on Friday, with the U.S. benchmark ending below $40 a barrel for the first time since early July, contributing to a loss for the week as concerns over prospects for demand, losses in the stock market, and strength in the U.S. dollar pushed prices to their lowest since July. Oil

Talk of a talent shortage when the oil industry is laying off workers en masse may sound counterintuitive. However, a few years from now, the industry will recover, if its past cyclical boom-and-bust nature is any guide. And when that happens, the oil industry will have to hire again. But it may not

Crude oil prices ended the last trading session on a bearish note. Growing concerns on improved crude oil output amid a shortfall in energy demand reversed all the gains recorded in the energy market over the past few weeks. Both International oil benchmarks had their forward curve widened last week