Oil Prices Rise to High As Demand Continues The price of oil hit another high yesterday, closing above \$47 a barrel as traders reacted to continuing concerns about supply disruptions from terrorism and instability in oil-producing countries. 
United says it will ask workers for more cost cuts CHICAGO _ Calling its financial condition  quot;sobering, quot; United Airlines said Friday that it will seek substantially more cost cuts than previously announced to help the carrier emerge from bankruptcy.