Oil rises with dual storms shutting U.S. Gulf Coast production
Oil rose as production was disrupted by two storms approaching the U.S. Gulf Coast.
crude oil futures
Statoil aims to lead the pack in Big Oil’s race for ‘carbon-efficient barrels’
Statoil chief executive Eldar Saetre has said the oil major's Norwegian operation will look to develop ‘carbon-efficient’ crude.
Brent jumps more than 2%
London Brent crude jumped more than 2% to over $115 a barrel today after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece.