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. 
Greenspan: Economy Regaining Traction (Reuters) Reuters - The U.S. economy has escaped a\recent soft patch and seems to be picking up steam, Federal\Reserve chief Alan Greenspan said on Wednesday in remarks\economists saw as cementing a September rate rise.