Tuesday, January 12, 2010

Biggest Oil Discovery in Decades In US Waters

Oil Discovery
McMoRan Exploration Co. announced Tuesday that an oil discovery beneath 20 feet of water off the Louisiana coast could be the biggest find in decades, the Houston Chronicle reports.

Monday, January 11, 2010

Oil Trades Above $83, Then Slips

01/11/10 Front month crude prices kicked off a new week mixed despite a boost in Chinese crude demand and a weaker US dollar.

Thursday, January 7, 2010

Crude Prices Slide On Profit Taking

Front month crude prices were on the downside this session as investors believed crude's recent rally was overdone.

OIL & GAS MARKET