U.S. Markets close in 4 hrs 7 mins

BP`s oil spill compensation fund almost out of money: BBC

The BBC reports that BP`s compensation fund for oil spill victims is running out of cash. Apparently the fund, which began with $20 billion, has just $300 million left.

BP says claims will have to come from future profits once the fund runs out and that could be as early as September.

That`s also when the oil giant is expected to go to trial on civil charges related to the spill.