STEVE INSKEEP, Host: The rising price of oil has made the top of NPR's business news this morning.</s>STEVE INSKEEP, Host: Crude oil hit $90 per barrel yesterday, the first time it's been that high in more than two years. Now the price has slipped a bit, but by next year, analysts say it could reach $100 per barrel. One long-term trend they point to is rising demand from China and other emerging economies and the inability to boost supplies quickly enough to match that demand.
Oil hit $90 dollars a barrel Tuesday for the first time in more than two years. The price has slipped a bit to about $88 on global futures markets. But by next year, analysts say, oil could reach $100 a barrel. One long-term trend they point to is rising demand from China and other emerging economies and the inability to boost supplies fast enough to match that.