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• Oil Hits New High Over $82 On Supply Fears Wednesday, 19 Sep 2007 | 4:25 PM ET

  

  Oil struck a new record over $82 Wednesday as falling U.S. inventories and the threat of a storm gathering near Florida renewed supply concerns in the world's biggest energy consumer.

• Oil Hits Record Highs as Fed Cuts Interest Rates Tuesday, 18 Sep 2007 | 3:47 PM ET

  

  Oil futures rose to new records Tuesday after the Federal Reserve cut interest rates by a larger-than-expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories are tight.

• OPEC Would Discuss Output Hike if $80 Oil Lasts Tuesday, 18 Sep 2007 | 5:38 AM ET

  

  OPEC would likely hold consultations about boosting supply again if the price of oil stayed above $80 a barrel for more than 15-20 days, an OPEC source said on Tuesday.

• Goldman Sachs Forecasts Crude to Hit $85 By Year-End Monday, 17 Sep 2007 | 4:08 PM ET

  

  Goldman Sachs on Monday forecast U.S. oil prices will surge to $85 by the end of the year, and said crude could climb as high as $90 due to tight supplies.

• Oil Closes at Record $80.57 on Supply Worries Monday, 17 Sep 2007 | 3:20 PM ET

  

  Oil closed at a record $80.57 on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth.

• Oil Closes Down as U.S. Storm Fades Friday, 14 Sep 2007 | 4:05 PM ET

  

  Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and as fresh evidence of credit troubles in the banking sector hit financial markets.

• Getting Down to Earth Amidst Soaring Oil Prices Friday, 14 Sep 2007 | 5:48 AM ET

  It’s been a busy week for us in the news industry.  Japan’s prime minister resigned and was promptly hospitalized; several big earthquakes hit Indonesia; Hurricane Humberto came out of nowhere, hitting the Texas-Louisiana coast with 85-mph winds; and the news highlighter for my little Commodity Store this week – crude oil prices hitting a record peak, crossing the $80 threshold to settle at $80.20 a barrel in New York on Thursday. 

• GM Helps Drive Stocks Higher Thursday, 13 Sep 2007 | 9:46 AM ET

  Stock prices are shifting into high gear as a GM upgrade and a dividend boost from McDonald's helps sentiment. The dollar is firming slightly and oil trades near record levels. Europe's stock markets turned higher after early losses, and Asian markets were mostly higher overnight.

• OPEC Daily Basket Price Reaches New Historic High Thursday, 13 Sep 2007 | 7:18 AM ET

  The price of the OPEC basket of twelve crudes reached a new record Wednesday, hitting $74.21 a barrel, compared with $73.13 on Tuesday, OPEC said today in a statement.

• Stocks Face Pressure, Oil Higher And Dollar Lower Wednesday, 12 Sep 2007 | 6:46 PM ET

  Stocks are under pressure ahead of the opening as the dollar touches new lows, oil edges higher and Texas Instruments earning forecast disappoints. For now, stock futures are lower and European markets are mixed.

• Oil Irony: Prices Rise Even As OPEC Opens Taps Tuesday, 11 Sep 2007 | 4:57 PM ET

  In an ironic twist, oil prices rode to a record high on the same day OPEC agreed to open its taps. Earlier today, the Organization of Petroleum Exporting Countries said it would boost production by 500,000 barrels a day, a move forced on the cartel by worries about the possibility of a housing-induced U.S. economic slowdown.

• OPEC Agrees to Modest Boost In Crude Output Tuesday, 11 Sep 2007 | 4:07 PM ET

  

  Saudi Arabia persuaded OPEC to raise oil output by 500,000 barrels per day on Tuesday in a gesture to consumer nations worried by the economic impact of $77 oil and rapidly diminishing fuel stocks.

• Saudis 1, Everyone Else 0 Tuesday, 11 Sep 2007 | 2:23 PM ET

  So there we have it. A long, drawn out battle has been won once again by the globe’s mightiest oil producer: Saudi Arabia.

• Stocks Get a Lift, Street on Fed Watch Tuesday, 11 Sep 2007 | 8:53 AM ET

  Wall Street is counting down to next week's Fed meeting and not much else is influencing trading. Stocks are readying for a higher opening as investors wait for a speech from Fed Chairman Ben Bernanke later this morning and watch the action at OPEC.

• The OPEC Scrum and What the Ministers Think Tuesday, 11 Sep 2007 | 6:48 AM ET

  Twickenham, Stade de France and now the OPEC Secretariat. All venues for some of the greatest rugby scrums of the Twenty First Century.

• Fear in the Air Tuesday, 11 Sep 2007 | 5:35 AM ET
• OPEC Likely to Keep Oil Quota Unchanged Monday, 10 Sep 2007 | 8:39 AM ET

  

  The Organization of Petroleum Exporting Countries (OPEC) will likely keep its official flow of oil steady when its meets Sept. 11 in Vienna, despite concerns that already high prices will spike when winter demand increases.

• OPEC President Calls Oil Market Well Balanced Thursday, 6 Sep 2007 | 5:35 AM ET

  The oil market is well balanced with no shortage of supplies, OPEC's president said on Thursday, the latest comment by the producer group implying it will maintain output curbs at its meeting next week.

• Iranian Oil Minister Sees No Need to Boost Output Wednesday, 5 Sep 2007 | 8:55 AM ET

  Acting Iranian Oil Minister Gholamhossein Nozari said on Wednesday there was no need for OPEC to increase its crude production, Iran's state broadcaster reported.

• Treasury Auction "Quenches" Thirst: Calms Market Monday, 27 Aug 2007 | 2:25 PM ET

  What a difference a week makes. The U.S. Treasury auctioned a record amount of short-term bills this week which is calming the market. "It quenches the thirst for risk-free paper," says CNBC's Rick Santelli. Today's combined record $43 billion auction in three and six-month bills saw the strongest demand since June and drew much higher yields than we saw last week.