Of course AT approved stalker lopped will be first to post after this
1-17-2012
http://finance.yahoo.com/news/oil-c...BzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3
Oil climbs above $100
Oil leaped above $100 a barrel Tuesday due to renewed tensions over Iran and after Saudi Arabia, the world's largest exporter of the commodity, indicated it thinks prices should be kept around that level.
Oil prices rose after Saudi Oil Minister Ali al-Naimi told CNN that Saudi Arabia wanted to stabilize prices at $100 a barrel this year and was ready to pump more oil if needed, according to Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
But the minister's comments also raised new tensions as Iran has warned Gulf nations not to make up any shortfall due to U.S.-led sanctions that are hampering its crude exports, Shum said.
Shum said Europe's continuing crisis could spark renewed volatility in oil prices but predicted crude could stay above $100 a barrel in the medium-term.
Oil prices were also boosted by a weaker dollar, which makes the commodity cheaper for investors using other currencies.