Georgia-Russia conflict & stronger dollar halt slide in oil prices

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Story Published: Aug 12, 2008 at 10:04 AM EST

Story Updated: Aug 12, 2008 at 10:04 AM EST

VIENNA, Austria (AP)- Oil prices have been steady today, after
recent dramatic declines.

Traders are weighing the impacts of a stronger dollar and
weakening demand from China against concerns about the
Russia-Georgia conflict and potential to disrupt crude supplies in
the region.

Prices steadied by afternoon in European trading with near-month
crude below $115 a barrel.

In Paris, the International Energy Agency says oil prices will remain high despite their recent drop and lessened demand in developed countries.

At the pump, AAA says the average price for regular unleaded
gasoline is just under $3.80 a gallon. That's down nearly 32 cents
from the high last month.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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Tuesday, Aug 12 at 5:07 PM Susan wrote ...

Is anyone doing anything to help this small country Georgia. Are we collecting anything, anywhere to help them out? Clothes, shoes What & Where. Please let the community help.

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