Gulf oil spill estimates higher, now 1.68M gallons daily

As many as 1,680,000 gallons (40,000 barrels) of oil a day may have been spilling out from the Gulf of Mexico oil spill, doubling many previous estimates.UK Prime Minister David ...

Brent v WTI, the battle of the crude oil price benchmarks

London based Brent crude is a far better reflection of the global oil market than its US rival WTI and will dominate world oil trading as Asian markets grow, the ...

Brent oil price trading higher on stronger Euro, US data

Brent crude oil prices are trading above $75 after the Euro made gains against the US dollar yesterday and the latest set of US inventory data showed a decline in ...