May 2010 Archive

Obama sends US nuclear physicists to tackle Gulf oil leak

The US has sent a team of nuclear physicists to help BP plug the catastrophic flow of crude oil into the Gulf of Mexico from its leaking Deepwater Horizon well, ...

Oil prices dropping off a cliff with stock markets in tow

Crude oil prices are dropping off a cliff on renewed concern about Europe’s sovereign debt crisis also hits global stock markets.US Light oil prices fell as much as five percent, ...

Brent oil price dips to $77 as traders close long positions

Brent oil prices on the ICE Futures Exchange fell over $3 a barrel in trading on Friday, as a stronger US dollar was compounded by oil traders closing long positions ...

Brent oil price hangs at $80, big premium on WTI crude

Brent oil prices are hanging around the $80 mark in trading on Friday as Brent’s premium to WTI crude is at the highest level in nine months.In London, Brent crude ...

Light oil price trading under $74 on a stronger US dollar

Light oil prices fell in trading Friday morning as a stronger US dollar hits commodity prices including oil. On Friday, Light crude oil futures for June delivery was trading down ...

Oil Prices