In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.

WTO’s Global Trade Deal; Ford’s Lowered Expectations; Surprise Decline in Jobless Claims; Oil Drags on Hang Seng; Wider Loss for B&N; Big Oil Spends $1.3 Million in 1Q Lobbying; Bill Miller Joins Ichan in Pressuring Yahoo; IEA to Probe World’s Oil Supply; Medtronic Coughs Up $75 Million to Settle Suit.

You’ve likely heard of being “bushwhacked.” Well, yesterday the market got Fed-whacked. Notes from the Federal Reserve’s April 29-30 meeting were released and, boy, did they make for some unpleasant reading.

It is always impolite to ask a lady her age. But the oil bull market is certainly no lady, besides which, we know she is about ten years old.

We’ve all heard the story. Most of the world’s major oil deposits have already been discovered. The low-hanging fruit has been picked. The remaining oil supplies are tough to get at – and expensive to recover.

In the energy market Friday, crude for May delivery spun its wheels, closing at $110.14/barrel, up just 3 cents. May reformulated gasoline gained 1.52 cents, to $2.8073/gallon.

Consumers feeling all the pain of 1982… Bernanke, Paulson prescribe “Doritos” cure…IEA slashes oil demand forecast… Why it still won’t mean a return to $80 oil…As GE goes, so goes the market… What Wall Street is overlooking…A bold gold forecast…and the reason to take it with a grain of salt…Are we in a commodities bubble? Let the debate begin!