NEW YORK ( TheStreet) -- Oil appears to be taking a breather after its run from $90 to $106 per barrel, Tom Reilly, an options trader for SCS Commodities, told TheStreet's Joe Deaux.Demand has been more of a factor in the rising oil price than events in the Middle East, according to Reilly. Refineries have been buying more oil to increase production of heating oil and gasoline.
Quick Take: Oil Could Hit $110 a Barrel
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