It's clear rhat they will try to stabellize the price at around 90 fror 2011.Like mentioned earlier by MB a 140 $ oil is a worst case scenario.

Commodities traders mentioned rumors that Mubarak may be considering resignation as a decisive factor helping to send oil prices lower Friday.

Earlier Friday, the New York Times reported that the Obama administration was discussing a plan for Mubarak to relinquish power to a transitional government, easing some worries that widespread protests will disrupt oil flows in the region.

“The catalyst [for the reversal] is that protests will die down,” said MF Global analyst Tom Pawlicki.

White House spokesman Robert Gibbs said the Obama administration is encouraging Mubarak’s government to negotiate with opponents about a transition and elections. The White House is reportedly urging Mubarak to step down before the September elections, but Gibbs said the U.S. will not “provide each and every step that needs to take place.”

Oil had traded higher earlier in the session as investors focused on the 11th day of protests in Egypt, a drop in the U.S. jobless rate and weakness for stocks and the dollar. Crude hit an intraday high of $91.71 a barrel, according to FactSet Research.

Crude futures got a short-lived boost after the Labor Department reported the unemployment rate fell unexpectedly to 9% in January, a 21-month low, although employers added only 36,000 jobs last month. Read more on jobs, unemployment rate.

Meanwhile, the Brent benchmark contract also declined, recently down almost $2 to below $100 on ICE Futures in New York.

“Fundamentals would not support prices rising consistently beyond $100 per barrel,” analysts at JBC Energy said. Brent is likely to average less than $90 a barrel in 2011, with prices mostly moving within a range of $80 to $100, as spare capacity from the Organization of the Oil Exporting Countries is seen as capping prices, they added.