Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Unit Corporation announced its operational and financial results for the 3 &9 months ended September 30, 2008. Larry D. Pinkston, President & CEO, said: We had very good third quarter 2008 results, despite the overshadowing recent downturn in the global and U.S. markets and in our industry including the combined negative impact from hurricanes Gustav and Ike. [...]
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