Oil prices fell below $105 a barrel after Libyan rebels regained control of two key oil ports. They claim they could restart crude exports within weeks.
BP can't proceed towards a planned partnership with the Russian oil firm Rosneft. The Russian deal was supposed to be a way forward fr the company, following the Gulf of Mexico spill.
Despite rising oil prices, the world still runs on oil. Juli Niemann, analyst for Smith Moore and Company, explains how a disaster in Japan could change the advancement of nuclear energy.