Oil retreats as gloom pervades economic outlook

Associated Press
Oil retreats as gloom pervades economic outlook

FILE - In this Tuesday, Aug. 25, 2009 file photo, crew members with Anadarko Petroleum Corp., work on a drilling platform on a Weld County farm near Mead, Colo., in the northeastern part of the state. The drilling process called hydraulic fracturing, or fracking, is shaking up world energy markets from Washington to Moscow to Beijing. Some predict what was once unthinkable: that the U.S. won't need to import natural gas in the near future, and that Russia could be the big loser. (AP Photo/Ed Andrieski, File)

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