Oil price crash threatens the future of the North Sea oilfields

The potential impact of the oil price slump on Scotland was underlined as a leading energy expert warned on Wednesday that North Sea oilfields could be shut down if the oil price fell by just a few more dollars.

Oil prices escapes after affects of Egypt Crisis, lowers after a spike earlier in week

LONDON: West Texas Intermediate oil retreated from the highest level in 14 months as the ouster of Egypt's president without widespread violence and continued shipments through the Suez Canal eased concern of a supply disruption.