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Oil Holds Near $73 in Asia After Big Jump

 Phil Amato     Created: 10/13/2009 6:30:49 AM    Updated: 10/13/2009 6:35:16 AM
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SINGAPORE (AP) -- Oil prices held near $73 a barrel today in Asia as investors eyed a weakening U.S. dollar and looked to commodities for protection against possible inflation.

Crude has shuffled between $65 and $75 for months as traders mull signs of an uneven economic recovery and consumer demand.

The dollar has slid over the last month on concern that massive stimulus spending designed to spark economic growth will eventually trigger inflation.

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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