Oil giant Royal Dutch Shell has reported a rise in profits owing partly to strong demand for energy which is keeping oil prices high.
BP has reached agreements with 100,000 individual plaintiffs to resolve claims from the 2010 oil spill - costing the company $7.8bn.
Commodity prices could rise by as much as 20% in the second half of 2012 while forecasts for falls in mining stocks are overdone, according to Credit Suisse.
Oil prices edged back slightly from a three-week high on hints the world's largest oil producer is poised to boost output.
Jenny Cosgrave talks to a trio of wealth managers about their outlook for the commodities sector and finds out which strategies stand out from the crowd
Geopolitical events may cause aggressive short-term moves in the oil price but there is still room for optimism, writes Tom Nelson, co-manager of the £206.3m Guinness Global Energy fund
Increasing tensions between the West and Iran have helped push Brent crude to an eight-month high of $121 a barrel, leaving many concerned over the longer-term impact.
The price of Brent crude hit a six-month high last night amid fears Iran had halted exports to Europe.