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  • Oil Prices Could Be Nearing A Peak After Record Rise Wednesday, 28 May 2008 | 5:01 PM ET
    Oil Refinery

    The unprecedented run-up in oil prices may finally have reached a peak as the dollar stabilizes, Saudi Arabia boosts production slightly and demand slows, analysts say.

  • Oil Prices Settle More Than $2 Higher at $131 Wednesday, 28 May 2008 | 3:31 PM ET

    Oil rose $2 to more than $131 a barrel Wednesday, rebounding from a sharp drop that had been triggered by concerns about a slowdown in world energy demand.

  • Saudi Arabia Pumps Extra Oil to Match Demand Wednesday, 28 May 2008 | 8:22 AM ET

    Top oil exporter Saudi Arabia has boosted supply to help meet the world's need for fuel and may further increase output later if needed, a senior Gulf OPEC source said on Wednesday.

  • Oil Prices Settle Below $129; Gasoline Hits Record Tuesday, 27 May 2008 | 5:23 PM ET

    U.S. crude oil futures closed more than $3 lower on Tuesday, extending a slide as a stronger dollar, technical weakness and demand concerns kept the pressure on the oil complex.

  • US Crude Rises Above $133 On New Supply Worries Monday, 26 May 2008 | 11:49 AM ET

    Oil rose above $133 on Monday as long-term supply concerns lingered and fresh production problems appeared in Nigeria and Norway.

  • Oil Prices Close Above $132 Before Long Weekend Friday, 23 May 2008 | 3:18 PM ET
    Oil Pump

    U.S. crude oil futures rose on Friday after seesawing before dealers bought defensively ahead of a long weekend and as the market eyed a weaker dollar and strikes affecting French port traffic.

  • Oil Prices Seen Averaging Above $107 This Year Friday, 23 May 2008 | 1:38 PM ET
    Oil Pump

    Oil prices are expected to average above $107 this year and to stay above $102 for the next two years due to concerns over long term supply constraints and strong demand from emerging markets, a Reuters survey of analysts found.

  • Oil Prices Settle Near $131 after Intraday Record Thursday, 22 May 2008 | 3:41 PM ET
    Oil Refinery

    Oil prices pulled back sharply from a record above $135 a barrel on Thursday as dealers took profits from a dazzling rally and a recovering U.S. dollar dampened commodities markets.

  • Oil Surges Over $134 on Supply Woes, Weak Dollar Wednesday, 21 May 2008 | 3:02 PM ET

    Oil prices surged $5 to a record over $134 a barrel in Asian trading Thursday after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a supply crunch.

  • OPEC Oil Supply Rising in May: Petrologistics Wednesday, 21 May 2008 | 6:45 AM ET

    OPEC oil supply in May is expected to rise by 700,000 barrels per day (bpd), led by higher output from members including Nigeria and Saudi Arabia, an industry consultant said on Wednesday.

  • Oil Prices Set Another Record, Closing Above $129 Tuesday, 20 May 2008 | 3:01 PM ET

    Crude oil prices once again set both intraday and Nymex closing record highs Tuesday, driving toward $130 a barrel mid-day and finishing above $129 amid deepening worries over tight global stockpiles.

  • Oil Closes at Another Record, Above $127 Monday, 19 May 2008 | 2:57 PM ET

    Oil was above $127 a barrel seesaw trading Monday as crude prices were hit alternately by profit-taking and comments from OPEC's president that the producer group would not increase output at its next meeting in September.

  • Oil Prices Finish at Record Above $126 a Barrel Friday, 16 May 2008 | 7:03 PM ET
    Oil Refinery

    Oil prices shot to new highs again Friday as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the belief that prices had more room to rise.

  • Striking Out On Energy Friday, 16 May 2008 | 5:12 PM ET

    President George W. Bush and Sen. John McCain went to bat on energy policy this week. And guess what? They both struck out. Bush went hat in hand to the Saudis to ask for more oil production in order to bring down world prices.

  • US to Suspend Buying Oil For Strategic Reserve Friday, 16 May 2008 | 3:40 PM ET
    Oil Refinery

    The Energy Department said Friday it will not add millions of barrels of oil to the Strategic Petroleum Reserve, a move sought by Congress to battle record fuel costs but in the end will likely have little impact on lowering prices.

  • Oil Prices End Down at $124.12 Thursday, 15 May 2008 | 5:21 PM ET

    Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.

  • OPEC Trims 2008 Global Oil Demand Forecast Thursday, 15 May 2008 | 6:53 AM ET

    OPEC on Thursday trimmed its forecast for global growth in oil demand in 2008, the latest sign that record-high oil prices are putting the brakes on consumption.

  • Oil Prices End Down Near $124 as U.S. Supply Rises Wednesday, 14 May 2008 | 3:33 PM ET

    U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

  • Oil Prices Finish Volatile Day Just Below $126 Tuesday, 13 May 2008 | 1:07 PM ET

    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Oil Falls Back From Record Highs on China Demand Monday, 12 May 2008 | 10:01 AM ET

    Oil slipped from a record high over $126 a barrel Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand.