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U.S. crude jumped to a 28-month high of $100 a barrel on Wednesday, as investors weighed the risk of Middle East unrest spreading from Libya to bigger exporters including Saudi Arabia.

Stocks fell sharply and oil prices spiked to their highest level in two years on Tuesday as investors worried about the increasingly violent unrest in Libya.

An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador's northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs....

The average price of a gallon of gasoline in the United States rose slightly in the last two weeks and will likely hold steady for some time, according to an industry analyst.

Consumer prices rose last month as the cost of gas increased by the largest amount since June 2009. But outside of energy costs, there was little sign of widespread inflation.

Millions of jubilant south Sudanese voted on Sunday in an independence referendum which could cut Africa's biggest country in two and deprive the north of most of its lucrative oil.

The Trans Alaska Pipeline shut down on Saturday after an oil leak was discovered at the intake pump station at Prudhoe Bay, the system's operator said.

Shares in oil major BP hit a six-month high on Tuesday after The Daily Mail newspaper reported rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.

Dig 2 feet into the sand on this wind-swept beach and up comes the foul smell of oil.

Jailed Russian oil tycoon Mikhail Khodorkovsky was sentenced to six more years in prison Thursday following a trial seen as payback for his defiance of Vladimir Putin's power.