Energy

Crude Oil Futures Fall as U.S. Unemployment Rate Surges to 26-Year High Crude oil tumbled after the Labor Department reported that the U.S. unemployment rate surged to a 26-year high, undermining speculation that fuel consumption will rebound next year.

Shell Reports Upset at Pernis Refinery Near Rotterdam, Biggest in Europe Royal Dutch Shell Plc reported a breakdown at its Dutch Pernis oil refinery, the biggest in Europe.

Repsol Shutting Its Biggest Refinery in Spain as Four-Day Strike to Start Repsol YPF SA is shutting down its Petronor refinery in northern Spain as workers prepare for a four-day strike.

Saudi Arabia Says Planes Attack Yemeni Rebels Holding Territory on Border Saudi Arabia’s air force attacked Yemeni rebels holding land inside the kingdom, a move that threatened to draw the world’s largest oil exporter into its neighbor’s civil conflict.

U.S. Imposes Duties on Chinese Oil Pipes After Producers Allege Dumping China protested U.S. duties on steel pipes and announced the start of an anti-dumping probe into American carmakers as trade tensions escalate ahead of President Barack Obama’s first visit to the nation this month.

Big Oil Hires Durbin, No. 2 Senate Democrat's Nephew, to Lobby Congress The lobbying group for oil companies such as Exxon Mobil Corp. and Chevron Corp. hired a nephew of U.S. Senator Richard Durbin to argue the industry’s case against climate-change legislation that threatens to slash profits.