CBC.ca | Oil dives to fresh 6-year low above $42, then rebounds CBC.ca Oil has been losing ground for seven trading sessions, amid reports that production continues to rise and oil storage tanks are approaching capacity. Late Tuesday, industry group the American Petroleum Institute said U.S. crude stockpiles rose by 10.5 ... Canadian Oil Jobs Cut as Companies Slash Deeper Than 2008 Conoco to cut 7% of Canadian workforce as oil tumbles to fresh six-year low ConocoPhillips cuts 200 oil jobs in Canada |