Financial Times FT.com

Oil at $100 to sharpen pain for US consumers

By Sheila McNulty in Houston

Published: February 21 2008 02:00 | Last updated: February 21 2008 02:00

Oil's rise above $100 a barrel will probably sharpen the trends the US has witnessed during the commodity's climb, ranging from high petrol and home heating prices to difficult operating conditions for industry, according to analysts.

"$100 crude is really an exclamation point behind the trends we have seen the last year or two," said James Burkhard, managing director of the oil and gas group at Cambridge Energy Research Associates.

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