Gulf of Mexico oil spill may take until Christmas to cap

One of the world's leading experts on oil well management has warned it could take until this Christmas for oil company BP to cap the Gulf of Mexico spill.Nansen Saleri, ...

Oil prices trading higher helped by Asian stock markets

Crude oil prices are trading higher on Monday as rallying Asian stock markets gives a boost to investor confidence.US Light crude oil futures for July delivery was at $74.56 midday ...