Stocks Recover From Early Drop, Oil Rises; Treasuries Pare Gain 0
Stocks Recover From Early Drop, Oil Rises; Treasuries Pare Gain
U.S. stocks recovered most of an early drop as BP Plc’s plan to put billion into a fund to pay damages from the Gulf of Mexico oil spill eased concern about the company’s future. The dollar and Treasuries pared gains and oil rallied on lower refinery operating rates.
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Crude Oil Rises Above $75 After European Industrial Output Gain 0
Crude Oil Rises Above After European Industrial Output Gain
Crude oil climbed above a barrel on speculation economic growth will accelerate after European industrial production rose more than forecast in April.
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BP Spending Picks Up on Spill as Capture Rate Rises 0
BP Dead Pelicans Umbrella Curb Sitting
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BP Spending Picks Up on Spill as Capture Rate Rises
BP said that spending increased at a faster rate on the response to the Gulf of Mexico oil spill, the worst in U.S. history
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Oil Spill Alarm Rises After Containment Dome Setback 1
Oil Spill Alarm Rises After Containment Dome Setback
ROBERT, La., May 10 (Reuters) – BP Plc engineers on Sunday desperately explored options to control oil gushing from a ruptured Gulf of Mexico well after a setback with a huge containment dome fueled fears of a prolonged and growing environmental disaster.
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Brent Oil Premium May Collapse as Demand Rises: Energy Markets 1
Brent Oil Premium May Collapse as Demand Rises: Energy Markets
Brent oil’s premium to West Texas Intermediate crude is poised to collapse from the highest level in nine months as strengthening U.S. demand may cut record inventories at the Cushing, Oklahoma, delivery hub.
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