Oil Prices Still Near $100 Mark

SINGAPORE (AP) -- A weak dollar and cold weather are combining to keep oil prices hovering near the $100 a barrel mark.

Prices hit nearly $99 a barrel today on signs that colder weather in the United States and Europe will fuel demand. The forecasts come after the dollar hit a new low against the euro last week.

Last week, prices spiked to $99.29.

One energy analyst predicts prices will temporarily remain stable because OPEC is increasing production more quickly than had been anticipated.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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