Crude Oil Rose as Pipeline Explosion in Saudi Arabia
Crude oil for April delivery rose $1.77 to settle at $108.84 a barrel on the Nymex before the Press TV report. The price was $108.73 at 5:11 p.m. Futures settled at a nine-month high of $109.77 on Feb. 24. Clashes between Saudi police and armed Shiite protesters in Awwamiya and al-Qatif, both cities in the [...]
Tags:april oil forecast, crude oil prices, futures oil prices 2012, march oil outlook, oil pipeline explosion Hot News | March 4, 2012
BP Suing over 2010 Gulf Mexico Oil Spill
BP Plc (BP/) and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks. BP would agree to close down its $20 billion Gulf Coast Claims [...]
Tags:bp oil spill, bp payment oil spill, bp plc, mexico oil pollution, mexico oil spill Hot News | February 27, 2012
Oil Fall after Rally in 2 years, Futures Price Slid
Crude oil for April delivery slid 41 cents, or 0.4 percent, to $109.36 a barrel in electronic trading on the New York Mercantile Exchange at 12:03 p.m. Sydney time. Brent oil for April settlement was down 34 cents at $125.13 a barrel on the London-based ICE Futures Europe exchange. Oil fell, halting its longest rally [...]