Latest Light Oil prices and news

"Light sheen" of oil spotted past Morrow Dam on Kalamazoo River

A "light sheen" of oil has breached Comstock Township's Morrow Dam, a structure that officials had hoped would stop the spread of a massive spill into the Kalamazoo River.

Oil prices climb higher

World oil prices were higher on Thursday, winning support from firmer equities and the weaker dollar after recent falls that were sparked by downbeat news in key consumer the United States.

Oil prices jump

World oil prices jumped on the back of a weaker dollar and positive European data.

Oil prices down in Asian trade

SINGAPORE - Oil prices tumbled in Asian trade Friday on profit-taking ahead of a key report expected to show that the US rebound from recession is losing pace.

Oil prices jump on weak dollar

World oil prices jumped on Thursday on the back of a weaker dollar and positive European data.

Oil spill reported in Locust Bayou

MORGAN CITY, La. (AP) - The Coast Guard is investigating an oil spill in Locust Bayou. It says about 2,400 gallons of light crude oil spilled from an above-ground storage facility owned by Energy 21, and about 500 gallons got into the water.

Oil prices slide on US inventory data

Oil prices fell by more than a dollar on Wednesday after a huge unexpected jump in crude stockpiles in the United States added to nerves caused by fading consumer confidence.

Oil prices fall

Oil prices tumbled as sentiment was dampened by deteriorating consumer confidence in the US.

Inflation adjusted Oil price chart