Oil price above $100 on rising consumer confidence

Oil price above $100 on rising consumer confidence Associated Press Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 07:27 a.m., Tuesday, December 27, 2011 The price of oil rose above $100 a barrel in light holiday trading on growing consumer confidence and prospects for stronger demand. Violence in Iraq.