Analysts expect $100 oil

November 01, 2007

Falling global supplies and growing global demand into the key home heating season was a main support for high prices, analysts said. Other factors behind a higher range for crude included a weaker dollar and geopolitical tensions in the Middle East.Speaker: Addison Armstrong, director of market research, Tradition Energy; John Felmy, chief economist at the American Petroleum InstituteConway G. Gittens reports from New York.