The Oil spill off the gulf of Mexico that BP is to blame for has now surpassed the 8 week mark and there seems like nothing will stop this enormous catastrophe as there have been mant attempts at fixing the damaged hole but to no avail yet.  This hasn’t had too much of an aeffect on the market however the WTI spreads rallied 50 cents in two days last week as there were reports of delaying oil tanker permits from coming in to the gulf bc of the messy seas. Crude now sits at $75 but if this continues to leak then there could be major problems ahead for the oil markets.