BBC: Oil prices kept climbing on Wednesday, as the dollar remained weak, and closed near $100 a barrel.
US light, sweet crude hit a record of $99.29 in Asian trading. London Brent crude rose 50 cents to $95.99 a barrel.
Tight supplies, winter demand and continuing geopolitical concerns have contributed to oil prices climbing by about 45% since August.
Federal Reserve predictions of slower than expected growth in the US next year have also boosted prices.
'Speculative money'
Analysts examining minutes from the Federal Reserve's latest rate-setting meeting, released on Tuesday, said there was a good chance that there would be another interest rate cut in December.
This would be expected to weaken the dollar further as commodities and other currencies and became more attractive to investors, forcing up oil prices, they said. Oil reaches new record above $99 (more)
Mark Alexander
