Reuters - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs said on Monday, as tighter supplies outweigh weakening demand.

Reuters - Average U.S. gasoline pump prices -- already above $4 a gallon -- could run up 20 cents or more by mid-summer, if crude oil prices don't fall from record levels near $140 a barrel, analysts said.

Reuters - Lehman Brothers Holdings Inc on Monday raised $6 billion of capital after it said it expects to post a $2.77 billion quarterly loss from trades and hedges gone sour.

AP - Argentina, one of the world's biggest breadbaskets, should be rolling in cash as world food prices soar.

Reuters - David Glaser, a confidant former Bear Stearns chief executive Alan Schwartz, has joined Bank of America, the New York Times reported on Monday, the latest executive to turn away from JPMorgan as it tries to keep top Bear talent from bailing on the merged bank.

Reuters - Boeing Co said on Monday its 787 Dreamliner would make its first flight in the fourth quarter of 2008, repeating the revised schedule for the new airplane's launch announced in April.

Reuters - Japan's Shin-Etsu Chemical Co Ltd (4063.T) sees no signs of recovery in the U.S. housing market and is looking to emerging markets for growth, the president of the chemical maker said on Monday. Shin-Etsu is the world's largest maker of polyvinyl chloride (PVC), a resin used in pipes, wires and other construction materials. It was hit hard by the U.S. housing slump.

Reuters - Oil fell by more than $1 on Monday as traders booked profits from crude's biggest one-day jump, but OPEC's resistance to pumping more oil kept prices near their latest record high.

AP - That economic rebound in the second half of the year so many experts have predicted — including Federal Reserve Chairman Ben Bernanke himself — is starting to look dicey.

Reuters - Wall Street may be in for a rocky ride this week as investors recall Friday's triple threat -- oil at a record above $139 a barrel, a troubling unemployment report and the stock market's 3 percent drop -- while they await inflation data for May.

AFP - Unrest in the Niger Delta is becoming a major problem for the Nigerian government but its importance as an oil producer is also helping extend its shadow over the world economy.