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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