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Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

Economists see oil price spike as threat to the economy

Posted on 21 March 2011

The U.S. economy faces numerous obstacles that threaten to derail the recovery. But economists are most fearful of one major headwind: oil prices. More than two-thirds of the 23 economists surveyed by CNNMoney identified high oil prices as the most serious risk facing the economy.
As uprisings spread across the Middle East and North Africa, prices have soared about 15% in the past two months, pushing gas prices higher……………………………………….Full Article: Source


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