Oil prices stay near $61 a barrel

This sounds like good news, but don't plna any long trips just yet.

Wait and see if there is bipartisan support for reigning BuCheney in on their Neocon disasters; like bombing Iran.

BBC NEWS Business Oil prices stay near $61 a barrel:

Oil prices hit $78-a-barrel highs in mid-July last year at the height of the crisis between Israel and Lebanon.

Other factors that increased prices in 2006 were fears of trade sanctions against Iran, and unrest in Nigeria.

Analysts estimate that barring unforeseen events, oil should trade between $60 and $55 a barrel in 2007.

Global demand for oil has been boosted in recent years by China's fast-growing economy. Oil prices hit $78-a-barrel highs in mid-July last year at the height of the crisis between Israel and Lebanon.

Other factors that increased prices in 2006 were fears of trade sanctions against Iran, and unrest in Nigeria.
Analysts estimate that barring unforeseen events, oil should trade between $60 and $55 a barrel in 2007.

Global demand for oil has been boosted in recent years by China's fast-growing economy.