Baker Hughes
Oil services company Baker Hughes will lay off 7,000 people due to falling crude oil prices.
Sources: AP via ABC News America
Sources: AP via ABC News America
Angola leaves OPEC over a dispute on crude oil production quotas.
Russia's Lukoil begins shipping crude oil from Murmansk to Madre de Deus, Brazil.
The price of crude oil drops to $48 per barrel, the lowest since April of 2009.
Uncertainty in Libya leads to falls in world stock markets and increases in crude oil prices.