Energy XXI files for bankruptcy

U.S. oil and gas producer Energy XXI Ltd, which has operations in Louisiana, Texas and the Gulf of Mexico, said on Thursday it has filed for bankruptcy protection, becoming one of the biggest casualti...

WTI Crude Oil Looking Heavy At $42

made a new high for the year on the back of a larger than forecast drawdown in gasoline inventories. However, the bulls were held back by a substantial build in total stocks. As much as the market wou...