AP News

News Summary: Oil prices steady after big drop


OIL SLIPS: The price of oil dipped 11 cents to $91.87 per barrel Thursday, extending its streak of declines to four days.

REALITY CHECK: Oil soared over $100 per barrel late last week on hopes that economic stimulus programs from the central banks of the world's struggling economies would increase the appetite for oil. But new supply figures and economic data this week reminded traders that oil demand is growing at a slower pace than usual.

RELIEF AT THE PUMP? Not yet, maybe soon. Retail gasoline prices remain stubbornly high because supplies on the East and West coasts are low.


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