Oil prices rise above $116 a barrel - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Oil prices rise above $116 a barrel

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Associated Press - April 25, 2008 6:33 AM ET

SINGAPORE -- Oil prices slipped in Asian trading today after falling more than $2 a barrel yesterday on a strengthening dollar. But now they're coming back up.

A barrel of crude is now more than $116, after falling below that mark earlier in the day. Reports of an attack on a Nigerian pipeline caused the price to rebound.

Few analysts are willing to predict that oil's record run is over. Investors remain concerned about tight supplies amid growing global demand.

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