BP claims Gulf oil spill is contained, but will it hold out?

BP has confirmed that the Gulf oil spilll has now been temporarily contained and will stop crude oil leaking into the Gulf of Mexico from the Deepwater Horizon rig for ...

BP prepares a third attempt to pressure test leaking oil well

BP prepares for a third attempt to pressure test the leaking Gulf oil well after being delayed by US government safety concerns and was put on hold again as BP ...

WTI oil prices see saw as mixed US data spooks the market

WTI oil prices fell under the $76 a barrel mark on Thursday afternoon as a mixed set of positive and negative data fron the US had investors wondering which direction ...

US government plans to take BP to the cleaners over spill

The US government outlined a plan to take the fourth biggest company in the world, BP, to the cleaners yesterday over the Gulf oil spill, as a US Congressional committee ...

Brent oil trading near $76 as BP receives seven year US ban

Brent oil prices open today's trading session near the $76 mark, following WTI oil prices lower as a US Congressional committee imposes a seven year ban to BP on new ...

WTI oil price firm at $76 mark as US oil supplies drop

WTI oil prices open Thursday's trading session around the $76 mark as the latest EIA data suggests that US oil supplies have dropped lower than predicted.This morning, US Light crude ...