NEW YORK --- Some energy market experts are saying that this may be the week that the price of crude oil hits the symbolic $100 a barrel mark. In fact, the Wall Street Journal reported that some market watchers believe that prices this week could eclipse the inflation-adjusted record of $101.70 reached in April 1980. On Friday, the front-month December crude contract on the New York Mercantile Exchange settled at $95.93 a barrel. But how long crude prices will stay that high remains a subject of debate.

Originally posted on Fleet Financials

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