The number of employees in the oil and gas extraction industry has hit its lowest level since 2022, data on the U.S. Bureau of Labor Statistics (BLS) website shows.
Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stakes summit in Beijing between U.S. President Donald Trump and China’s Xi Jinping. Brent crude futures were down 30 cents, or 0.3%, to $107.47 a barrel at 1220 GMT. U.S. West Texas Intermediate futures were down 14 cents, or 0.1%, to $102.04.
Curious Minds Corner
How many gallons of gasoline does one barrel of crude oil actually yield?
About 19-20 gallons after refining, with the rest becoming diesel, jet fuel, and other products.