Oil Prices Continue Climb Toward $100

New York, NY, Dec. 27, 2010 -- Oil prices remained above $91 a barrel Monday in Asia as some OPEC ministers said the organization doesn't expand to increase output to soften prices.

Crude prices reached $91.34 a barrel midday Singapore time in electronic trading on the New York Mercantile Exchange.

On Thursday, the contract rose $1.03 to settle at $91.51, the highest level since October 2008.

Oil prices have spiked almost 30 percent since September.