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Market Outlook 2015: Oil Joins Gas in the Spotlight

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Halliburton Skipped Crucial Test Before BP Blowout

Halliburton Co. acknowledged that it skipped a critical test on the final formulation of cement used to seal BP's oil well before it blew out catastrophically in the Gulf of Mexico.

The company, which was BP's cementing contractor, came under increased scrutiny when investigators from the president's oil spill commission revealed Thursday that tests performed by the company before the deadly blowout showed the cement to be unstable.

Source: AP

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