CNBC | Oil recovers to end at $40.45, after hitting milestone CNBC Last year, U.S. oil rigs totaled 1,564. Activity in China's factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, adding to worries about lower consumption of crude in the second-biggest oil user. Crude oil is getting smoked Sliding Oil Price Could See '£1 Petrol' Return Oil drops below $40 a barrel for 1st time since 2009 |