AFP - Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.

Reuters - U.S. consumer prices were tamer than expected in April on a lower energy price reading, giving the inflation-wary Federal Reserve a little breathing space as it seeks to fortify an anemic economy.

AP - Consumer prices slowed in April despite the biggest jump in food costs in nearly two decades. But with oil near record levels, Americans should brace for more pain at the pump in coming months.

AP - Oil climbed toward the $125-a-barrel mark Thursday after the U.S. government issued a mixed report on the country's petroleum reserves and the U.S. greenback weakened against other key currencies.