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Oil Prices Hover Over $100 a Barrel

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Oil Prices Hover Over $100 a Barrel

Economy

Oil Prices Hover Over $100 a Barrel

Oil Prices Hover Over $100 a Barrel

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  • <iframe src="https://www.npr.org/player/embed/54929288/54908288" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The price of a barrel of oil hit $100.88 on the New York Mercantile at the end of trading Tuesday. Prices rose even higher in overseas trading. Analysts point to rising global demand and concerns over supply.

RENEE MONTAGNE, host:

NPR's business news starts with record oil prices.

One hundred dollars and eighty-eight cents; that was the price for a barrel of oil when trading ended yesterday on the New York Mercantile Exchange. Prices rose even higher in overseas trading. Money is pouring into the oil markets and that's helping push prices up. Analysts point to rising global demand and concerns over supply.

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