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Oil extended losses after closing at the lowest level in three months on Wednesday on signs the Federal Reserve may hold interest rates higher for longer, which could weigh on energy demand. Brent fell for a fourth session toward $81 a barrel and West Texas Intermediate slid close to $77. Fed minutes from a meeting earlier this month indicated a hawkish ...
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The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex-husband, Tyler Loudon, also was sentenced to one year of supervised release after his prison term and fined ...