Brent oil price trading lower, is double dip on it’s way?

Brent crude oil prices are trading lower at close on Tuesday as investors and economists try to work out if a double dip global downturn is on it's way.In London, ...

Gulf deepwater oil drilling ban is lifted by US judge

A federal US judge struck down President Obama's 6 month oil drilling ban on deepwater oil drilling in the Gulf of Mexico on Tuesday, saying the US administration had rashly ...

Oil prices skid below $78 as Dollar Index trades higher

Oil prices skidded below the $78 mark in trading on Tuesday as the Dollar Index gained a little strength against the Euro and other main currencies.WTI Light crude oil futures ...

BP racks up 64,000 claims over Gulf of Mexico oil spill

Oil company BP has racked up over 64,000 claims totalling $600m in relation to compensation for victims of the oil spill disaster in the Gulf of Mexico.Earlier, BP said the ...

Brent oil price dips to $78, finding $80 mark a struggle

ICE Brent crude oil futures are trading lower on Tuesday in Asia as investors look to global recovery signs that justify oil prices near the $80 mark.In London, Brent crude ...

WTI oil price trading above $78, eyes on Dollar Index

WTI oil prices are trading above $78 a barrel on Tuesday as the Dollar Index moved higher against most other currencies.US Light crude oil futures were at $78.61 a barrel ...