November 7, 2007 / 2:47 PM / 10 years ago

White House says oil prices "too high"

WASHINGTON (Reuters) - The White House said on Wednesday oil prices are too high, as U.S. crude closed in on the landmark $100 level.

“Oil prices are too high,” said spokeswoman Dana Perino. Oil sped above $98 a barrel for the first time on Wednesday, driven by a slumping dollar and worries over a winter fuel supply crunch.

Writing by John Ruwitch

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