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.)


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 11815706