OPEC ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group's president said on Sunday.

Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.

Crude oil rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.

Oil would only fetch half of its current $70-a-barrel price tag if investors focused just on market fundamentals, but betting against further rises in the commodity is a risky business, Johannes Benigni, managing director at JBC Energy told CNBC Tuesday.

Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

Stocks edged up Thursday, with a brighter outlook from Procter & Gamble and a better-than-expected jobless claims report, countering a dim forecast from Monsanto.

The stock market appeared to head for a higher open Thursday on weekly jobless claim reports that showed workers filing new claims for benefits fell more than expected last week.

Stocks closed higher after faltering for awhile on a Federal Reserve report that the economy will remain weak due largely to unemployment.

Futures indicated a lower open for Wall Street on Wednesday as investors paused ahead of key U.S. data, having pushed markets to 11-month highs the previous day,

Futures indicated a lower open for Wall Street on Wednesday as investors paused ahead of key U.S. data, having pushed markets to 11-month highs the previous day,

Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May.  Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.

Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.

Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow.  GM fell below $1.

Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.