Oil

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Bush to discuss oil prices with Saudi king
(AP via Yahoo! News - May 12, 2008)

President Bush said Monday that when he meets Saudi Arabia's King Abdullah later this week, he'll bring up the effect that high oil prices are having on the U.S. and global economies.

news.yahoo.com/s/ap/20080512/ap_on_go_pr_wh/bush_interview_1

Tech gains and oil's drop boost Wall St
(Reuters via Yahoo! News - May 12, 2008)

Stocks rose on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology, while cooling oil prices eased inflation concerns.

news.yahoo.com/s/nm/20080512/bs_nm/markets_stocks_dc_15

Stocks advance as oil falls, dollar advances
(AP via Yahoo! News - May 12, 2008)

Wall Street rallied Monday as oil prices, supported by a stronger dollar, fell back and alleviated some of investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points.

news.yahoo.com/s/ap/20080512/ap_on_bi_st_ma_re/wall_street_5...

Senators push Bush to pressure Saudis on oil
(Reuters via Yahoo! News - May 12, 2008)

Senate Democratic leaders on Monday urged President George W. Bush to use his upcoming trip to the Middle East to convince Saudi Arabia to pump more oil and help lower record crude and gasoline prices.

news.yahoo.com/s/nm/20080512/pl_nm/bush_opec_dc_1

Oil falls from record high on China demand worries
(Reuters via Yahoo! News - May 12, 2008)

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

news.yahoo.com/s/nm/20080512/bs_nm/markets_oil_dc_8

White House says won't sell emergency oil supplies
(Reuters via Yahoo! News - May 12, 2008)

The Bush administration will resist calls to sell crude oil from the U.S. Strategic Petroleum Reserve to help boost available oil supplies in the market and lower prices, the White House said on Monday.

news.yahoo.com/s/nm/20080512/pl_nm/usa_oil_stockpile_dc_2

Oil slips from record high on China demand worries
(Reuters via Yahoo! News - May 12, 2008)

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

news.yahoo.com/s/nm/20080512/bs_nm/markets_oil_dc_7

Oil's drop, big-cap tech gains lift stocks
(Reuters via Yahoo! News - May 12, 2008)

Stocks rose on Monday as the price of oil fell below $125 per barrel and financial shares, including bond insurer MBIA Inc , rallied.

news.yahoo.com/s/nm/20080512/bs_nm/markets_stocks_dc_11

Oil retreats from record high in volatile trade
(Reuters via Yahoo! News - May 12, 2008)

Oil retreated below $125 a barrel on Monday in volatile trade that saw it briefly hit an all-time high earlier in the session.

news.yahoo.com/s/nm/20080512/bs_nm/markets_oil_dc_6

Oil hits new record above $126, then falls
(AP via Yahoo! News - May 12, 2008)

Oil prices briefly spiked to a new record above $126 a barrel Monday but later wobbled with some investors buying on worries of falling supply and others selling in response to a stronger dollar.

news.yahoo.com/s/ap/20080512/ap_on_bi_ge/oil_prices_8