Oil Industry Plans Record Spending in 2011

One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…

Oil Breaches $91 a Barrel in Light Trading

Oil prices on Tuesday reached the $91-a-barrel mark in light trading as strong demand and limited supply continues to push up prices towards the end of the year.
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