Oil prices retreat from last week's record close near US$126 a barrel

                   
iht.com     May 12, 2008            

Oil has retreated from last week's record close near US$126 a barrel. ... as dollar strengthens : Oil prices retreated Monday in Asia from last week's record close near US$126 a barrel as the dollar strengthened against the euro and yen. Investors often buy commodities... [read full story]                    

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Oil falls from record high on China demand worries

earthtimes.org     May 12, 2008          

NEW YORK (Reuters) - 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. ... China's April crude oil imports decreased against year-ago levels, the first...                    

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Oil falls from record high on China demand worries

reuters.com     May 12, 2008          

by Matthew Robinson NEW YORK (Reuters) - 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. ... China's April crude oil imports decreased against year-ago...                    

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'Marketplace': Oil Industry Pushes Back

npr.org     May 12, 2008          

The gas and oil industry has begun a campaign to convince the public that rising energy prices are not the producers' fault. The American Petroleum Institute says government efforts to punish the industry with higher taxes or greater regulation would only make the situation worse.                    

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US Senators push Bush to pressure Saudis on oil

alertnet.org     May 12, 2008          

Source: Reuters By Tom Doggett WASHINGTON, May 12 (Reuters) - 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 ... ... By Tom Doggett WASHINGTON, May 12 (Reuters) -...                    

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Senators push Bush to pressure Saudis on oil

reuters.com     May 12, 2008          

WASHINGTON (Reuters) - 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. ... "We urge you to use this opportunity to...                    

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Sen. Carl Levin: Skyrocketing Energy Prices

huffingtonpost.com     May 12, 2008          

Cross-posted at MichiganLiberal.com. This afternoon, I'm speaking on the Senate floor about high energy prices. Unless something is done to make energy more affordable, the... ... Cross-posted at MichiganLiberal.com. This afternoon, I'm speaking on the Senate floor about...                    

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Oil prices retreat from last week's record high

signonsandiego.com     May 12, 2008          

Oil prices retreated Monday from last week's record close near $126 a barrel as the dollar strengthened against the euro and yen. ... Light, sweet crude for June delivery dropped $1.32 to $124.64 a barrel in electronic trading on the New York Mercantile Exchange by...                    

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