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  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 48 this week to 571.. Among major oil- and gas-producing states, Texas declined by 19 rigs, Oklahoma dropped eight, Louisiana dropped five, Pennsylvania lost three, North Dakota, Utah and Wyoming each declined by two and Ohio dropped...

  • US layoffs surge to 6-month high: Challenger Thursday, 4 Feb 2016 | 8:07 AM ET
    Stressed unemployed

    Layoffs surged in January to the highest levels since last summer as employers in the retail and energy sectors pulled out the pink slips.

  • Baker Hughes reports 4Q loss Thursday, 28 Jan 2016 | 8:21 AM ET

    HOUSTON _ Baker Hughes Inc. on Thursday reported a fourth-quarter loss of $1.03 billion, after reporting a profit in the same period a year earlier. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. Baker Hughes shares have fallen 12 percent since the beginning of the year, while the Standard& Poor's 500...

  • Oil ends massive slide with 9% pop Friday, 22 Jan 2016 | 2:56 PM ET
    An oil pumpjack works at dawn in the Permian Basin oil field on January 20, 2016 in the oil town of Andrews, Texas.

    Crude oil posted its biggest one-day gain since August 27.

  • Stocks surge in lockstep with oil's rally Friday, 22 Jan 2016 | 6:45 AM ET
    Oil pump on Dollar note

    The promise of more monetary easing around the world and an extension of Thursday's crude rally were factors helping propel global markets this morning.

  • An oil pump jack in Russia

    Oil prices slumped as China's stock market fall and the prospect of rising Iranian crude exports deepened fears.

  • Dec 31- U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536, oil services company Baker Hughes Inc said in its closely followed report.

  • Dec 31- U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed xxx oil rigs in the week ended Dec. 31, bringing the total rig count down to 5 xx, oil services company Baker Hughes Inc said in its closely followed report.

  • *Brent reached 11- year low of $35.98 on Tuesday. LONDON, Dec 24- Oil edged further above $37 a barrel on Thursday but remained within sight of an 11- year low reached this week, as signs of a tighter U.S. market raised hopes a supply glut will ease. Brent was up 13 cents at $37.49 a barrel as of 1307 GMT.

  • *Brent reached 11- year low of $35.98 on Tuesday. LONDON, Dec 24- Oil edged lower to around $37 a barrel on Thursday, nearing an 11- year low reached this week, as oversupply pressured the global market despite signs of tightening in the United States. Brent was down 31 cents at $37.05 a barrel as of 1136 GMT.

  • SINGAPORE, Dec 24- U.S. crude prices rose for a fourth straight session in early Asian trading on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas as the U.S. market tightened on the back of falling supplies and looming exports. Front-month West Texas Intermediate crude futures were trading at $37.74 per barrel at 0315 GMT, up 0.6 percent on...

  • U.S. crude rises as supplies tighten, exports loom Wednesday, 23 Dec 2015 | 7:44 PM ET

    SINGAPORE, Dec 24- U.S. crude prices continued rising in early trading on Thursday, headed for an 11 percent rise in the week leading up to Christmas, as the U.S. market tightened on the back of falling supplies and looming exports. Front-month West Texas Intermediate crude futures were trading at $37.82 per barrel at 0032 GMT, up over 11.5 percent since Monday.

  • Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days early due to the Christmas holiday. Prices did not budge after the Baker Hughes report.

  • Dec 23- U.S. energy firms this week cut oil rigs for a fifth week in the last six, data showed on Wednesday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed three oil rigs in the week ended Dec. 23, bringing the total rig count down to 538, oil services company Baker Hughes Inc said in its closely followed report.

  • OIL DRILLERS CUT RIGS FOR A FIFTH WEEK IN LAST SIX ON WEAK CRUDE PRICES- BAKER HUGHES.

  • WILMINGTON, Del, Dec 23- Rising financial stress in the U.S. energy sector has prompted some suppliers and vendors to take unusual legal action to collect unpaid debts: forcing struggling companies with billions of dollars in debt into bankruptcy. Since August, creditors have filed petitions for involuntary bankruptcy against three energy producers with...

  • *Brent hits low just 21 cents above 2008 bottom. NEW YORK, Dec 18- Oil prices fell about half a percent on Friday after the U.S. oil rig count unexpectedly rose for the first time in five weeks, pressuring a market already at seven-year lows. Despite the severity of the decline, data from oil services company Baker Hughes Inc showed U.S. energy firms added to the number of...

  • Drillers added 17 oil rigs in the week ended Dec. 18, bringing the total up to 541, oil services company Baker Hughes Inc said in its closely followed report. In the minutes after Baker Hughes released the report, U.S. crude futures fell 20 cents to $34.29 a barrel, the lowest level since February 2009, before paring losses. U.S. crude futures for next year were trading...

  • U.S. crude's West Texas Intermediate futures were down 50 cents at $34.45 a barrel by 1:10 p.m. EST. Global crude benchmark Brent slid 38 cents to $36.68, heading back toward its session low of $36.41, which was just 21 cents above a 2004 bottom. U.S. energy firms added 17 oil rigs in the week ended Dec. 18, bringing the total rig count up to 541, oil services company...

  • Stock futures sink as traders brace for wild ride Friday, 18 Dec 2015 | 7:38 AM ET

    U.S. stock futures were lower this morning, ahead of the prospect for greater volatility and volume on the final Friday of the year for quadruple witching.