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Oil Prices Hold Near $100 as Middle East Risks Offset Peace Hopes

December WTI crude oil is nearly unchanged for the week, but the flat result hides a rough ride. The contract opened at $99. 04, rallied to $101. 37, then broke to $95. 25 before recovering back to its opening level. At 00:19 GMT, December WTI crude oil is trading at $99. 29, up $0. 25 or +0. 25% for the week. The high matched the June contract high. The low came on peace-talk headlines. Neither side won the week. Buyers could not hold the breakout, but sellers could not keep the market under pressure after the break.

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