STEVE INSKEEP, Host: NPR's business news starts with oil markets under a microscope.</s>STEVE INSKEEP, Host: The oil industry is being examined more closely, of course, because of the price of oil, which is down a bit from a record but still trading at about $134 per barrel.
Oil is now trading at about $134 a barrel, down from the most recent record of just under $140 a barrel. Market reports say traders are caught between a weaker dollar — which would push up the price of oil — and expectations that Saudi Arabia will increase output, which could lower prices.