FortuneHedge Funds Are Worried About an Oil Price DropFortuneHedge funds have trimmed their bullish position in crude oil by the largest amount since OPEC announced its decision to cut output in November. Hedge funds and other money managers cut their comb …

FortuneHere's What Happened When This Journalist Attempted To Buy A Literal Barrel Of OilFortune(Or at least a good story for a markets reporter to pursue.) As Alloway explains, “the price of oil for future delivery was higher than the expected price o …

FuelFix (blog)Three more oil service firms cutting hundreds of jobs, wagesFuelFix (blog)The reductions come as hundreds of U.S. land rigs have gone idle amid billions in oil-company spending cuts, a reaction to plummeting crude prices, which have been cut …

Calgary Housing Boom Poised for Bust in Oil ReversalBloomberg(Bloomberg) -- The oil that fueled Calgary's housing boom has created the conditions for a bust. Genworth MI Canada Inc., the country's largest non-government mortgage insurer, said last …

Sydney Morning HeraldThis almost forgotten metric is suddenly driving the oil marketThe Globe and MailThis past Friday, traders were bent over their desks, staring at their screens, waiting for 1 p.m. ET to see whether drillers extended their biggest-ever …

NJ.comW. Va. oil train explosion has N.J. raising concerns over rail safetyNJ.comEach day, long trains trailing hundreds of matte-black tank cars filled with highly flammable crude oil snake along the rails through New Jersey to a refinery in Linden. On on …

CNBCOil: Why nobody knows how low it will goCNBCThe plunge in the price of oil over recent months has defied all but the most pessimistic analysts. At the moment, there are no shortage of forecasts to pick from as to how low it may eventually go. Goldman S …

Some on Wall Street see oil plunging to $40, and belowFuelFix (blog)The U.S. benchmark crude price, down more than $60 since June to below $45 yesterday, is on the way to this next threshold, said Societe Generale SA and Bank of America Corp. And Goldman S …