Crude oil ended near unchanged today, as traders faced rising Chinese
inflation that could prompt the country to tighten credit and curb its
appetite for commodities, such as oil.
The government of Alberta said today it will cut its royalty rates on
conventional oil and natural gas production as it looks to boost investment
in the its oil and gas reserves.
The Coast Guard airlifted a crewman from the semi-submersible rig Transocean
Marianas to shore for treatment at a hospital in New Orleans for a foot
injury suffered early this morning while working aboard the semisub in the
deep-water Gulf of Mexico.
