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 climbed above $126 a barrel Thursday, a day after the U.S. government issued a mixed report on the country's petroleum reserves and the U.S. dollar weakened against other key currencies.

Congress voted overwhelmingly  to stop adding oil to the Strategic Petroleum  Reserve until crude prices fall below $75 a barrel.

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.

A week packed with economic data, retail earnings and plenty of Fedspeak could finally give the stock market something it desperately needs: Stability.

Two  California entrepreneurs are launching a new technology that will enable people to create ethanol in their homes.

Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

World oil demand will rise less than expected in 2008 because of record prices and slower growth in the United States and elsewhere, the International Energy Agency said on Tuesday.

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

FedEx's reduction of its profit outlook because of high fuel costs and weak demand is a bad omen for small US trucking companies.

A stronger dollar is likely to push record-high oil prices lower, but not for long.  The reason: global demand for oil remains strong, while a weak  US economy will likely limit the dollar's gains.

It's been a wild ride for both the dollar and oil.  When it comes to stocks, here's what the experts have to say about what they like now:

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.

Even as the presidential candidates debate whether to cut federal gas taxes this summer, a harder-to-control factor is emerging as a main reason behind the increase in energy costs: the sinking greenback.

A recent bear-market rally in Europe may be cut short next week, when stocks are likely to be dragged lower as investors balk at the rising price of oil and fears that the financial sector woes are not over, return to haunt the markets.