Crude oil prices were on course to end the week with a decline, as the latest prediction of softening demand growth reinforced bearish moods among traders. The prediction came from the International Energy Agency, which said in its latest monthly oil report that it expected oil demand this year to grow by 750,000 barrels daily
The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics (BLS) website shows.
Curious Minds Corner
Where was the world’s first commercial natural gas well drilled?