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USA energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data showed on Friday, a sign low prices were pushing drillers away from the well pad. Baker Hughes reported that the gas rig count fell by one to 197 in...

Ninety-five percent of Venezuela’s exports result from crude oil. Exports year-to-date to the USA have risen, but remain under pressure.

The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

The USA has experienced soft patches in job growth before in this expansion, and officials have been expecting job growth to slow from its quick pace earlier this year and last.

The rate of United Kingdom economic growth slowed to a two-and-a-half year low in September, according to PMI survey data, suggesting that the economy sank further into a soft patch at the end of the third quarter.

Readings above 50 signal an improvement in business conditions from the previous month, while readings below 50 show a worsening.

The best performing sector in 3Q was utilities, which was the only one of 10 S&P 500 sectors to close the quarter in positive territory.

The number of new applications for USA jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates.

Essentially central bankers face a dilemma – either lean more on politicians to do more to boost growth or embark on a new round of experimentation.

November Brent crude on London’s ICE Futures exchange rose $0.44 to $48.13 a barrel.

The weak September jobs report and downward revisions to the prior two months raised fresh fears about the health of the USA economy, which appears to have weakened amid a slowing global economy and recent market turbulence.

The fears were strong enough for the Fed to leave its benchmark interest rate at 0%, where it’s been since the depths of the financial crisis in 2008.

The fossils were discovered in northern Alaska that at one time were covered by huge forests with lots of plants, as the weather used to be a warmer climate.

US benchmark crude West Texas Intermediate (WTI) was trading at $46.69 a barrel Thursday at 11:56 a.m. EDT.

The European and USA markets ended firmly in the red and the Asian bourses figure to open in similar fashion.