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Rising oil prices seem unstoppable....setting records above $101, $102 and $103 all within a 5 day span. So what's the next move? Does oil continue its record ascent to the $110 area - or fall back like it did after hitting a record earlier this year? Ray Carbone, president of Paramount Option: "Technically - if you look at the charts - we've broken out of this channel that we've been in for quite a while between $86 and $101 dollars.....That brings us into a new level, probably will bring in some buying." Analysts say the biggest factor supporting oil right now is the weak dollar. The ailing American currency is pushing commodity prices higher across the board. And weakness in the U.S. stock market, along with falling yields in the bond market, make oil a more compelling investment. But strip away those factors and simple supply demand issues provide a different picture. U.S. crude supplies were up seven weeks in a row and demand is falling ahead of the traditionally slow second quarter. To some analysts those fundamentals point to a major price correction down the line. Carbone, however, remains bullish. "I think over the long term crude oil prices are heading higher and I think even in the short term they still are going to go higher. Not to say that we can't go below $100 again. But I think that is probably a buy." But how long can oil stay above $100 a barrel before causing a consumption backlash and a possible glut in supply? That's a question OPEC members are pondering as they prepare to meet on March 5th. Conway Gittens, Reuters