Chevron oil spill dumps nearly 800,000 gallons of crude, water in California canyon

Credit: FOXNews.com- Published 1 week ago
Chevron crews have begun to clean up a massive oil spill in California after nearly 800,000 gallons of oil and water were dumped into a canyon in nearby Bakersfield since the flow first began in May. 
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Credit: The Street
Published 1 week ago -  00:35
Tropical Storm Barry Approaches Louisiana - 3 Things to Know About Oil Prices
Tropical Storm Barry is approaching Louisiana, threatening to decimate a large chunk of the U.S. oil supply. Brent crude oil prices rose 0.26% Friday, to $66.78 a barrel. Here's what oil investors need to watch: Chevron , Exxon Mobil , British Petrolium and Royal Dutch Shell all evacuated staff from rigs in the gulf area. The gulf area represents roughly 20% of all U.S. oil output, so a huge chunk of supply is threatened, bringing the price of oil up. The International Energy Agency said oil demand growth will remain a key area of focus. The agency mentions that as global manufacturing output has declined, an issue Federal Reserve Chairman Jerome Powell flagged in his hearing with Congress. TheStreet's Martin Baccardax has the full story on Barry and oil. BP is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells BP? Learn more now.

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