General Electric
On Monday, General Electric (GE) CEO John Flannery signalled
he would consider selling off its majority share in Baker Hughes, a separately
traded company formed by the merger of GE's oil and gas unit and oilfield
services firm Baker Hughes.
GE Oil & Gas was primarily known as an equipment
manufacturer, while Baker Hughes specializes in services like horizontal
drilling and hydraulic fracturing.
Brent crude traded at around $62.95 a barrel Tuesday
morning, down 0.33 percent, while U.S. crude was around $56.58 a barrel, up
0.32 percent.
Source: CNBC