Oil: Next stop $110?

Feb. 29 - Oil prices are expected to set new records after touching above $103 on Friday with sentiment buoyed by a falling dollar and rising consumption outside of the U.S. But some analysts are cautious, pointing to a build-up of U.S. supplies and an expected slowdown in demand as signs the current price of oil is too high. Few, however, predict oil will fall to the $90 a barrel area before rising to $110.

SPEAKER: Ray Carbone, president, Paramount Options

Conway Gittens reports from New York. Reuters Video