VIENNA, Austria - Benchmark oil futures held above $80 a barrel Wednesday after falling for three straight days from the near-record levels of last Thursday.
Light, sweet crude for November delivery rose 38 cents to $80.43 a barrel by noon in European electronic trading on the New York Mercantile Exchange. The Nymex crude contract fell 19 cents to $80.05 a barrel Tuesday.
November Brent crude rose 30 cents to $77.68 a barrel on the ICE futures exchange in London.
Many analysts say investors taking advantage of the weak dollar drove oil prices to record levels above $83 a barrel in September. The supply and demand fundamentals of the oil market simply do not …
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